200 Ne Hwy 1, Effie, Minnesota 56639

MN, Effie
$225,900
  • 8 Beds
  • 6 Bath
  • Commercial Sale Property Type
  • 1962 Year Built
  • Active Status
See All 44 Photos
Kyle Synowczynski
Kyle Synowczynski
  • (612) 688-6065
  • Kyle@StoneArchRealty.com
Property Description

Investment opportunity in Effie! This well-maintained six-unit apartment complex sits on .51 acres along Hwy 1 and offers a strong, established rental history. Currently fully occupied, the property has several long-term tenants with all units on month-to-month leases. Apartments are nicely updated and well cared for, with the efficiency unit typically seeing the most turnover. Property features include a new shingled roof, flat roofs replaced approximately two years ago, shared coin-operated laundry, patio area, raised garden beds, and ample parking with designated spaces and electrical plug-ins. Utilities are included in the rent, while tenants are responsible for their own TV and internet. With a history of excellent occupancy and consistent tenant demand, this is an attractive income-producing asset for investors. Financial information available upon request to pre-qualified buyers.

Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: 7141188
  • Price: $225,900
  • Year Built: 1962
  • Listing Status: Active
  • Office Name: COLDWELL BANKER NORTHWOODS
  • Roof: Metal,Flat,Architectural Shingle
Features
  • Heating System Forced Air,Baseboard
  • Cooling System Central Air
  • Basement Finished
  • Parking Parking Lot
  • Utilities Heating Common,Electric Common,Hot Water Common
  • Exterior Features Stone,Log Siding
  • Sewer City Sewer/Connected
Appliances
  • Refrigerator
  • Range
Address Map
  • Country US
  • State MN
  • County Itasca
  • City Effie
  • Zipcode 56639
  • Street: Hwy 1
  • Street Number: 200 NE
  • Longitude: W94° 21' 48.2''
  • Latitude: N47° 50' 24.3''
  • Directions: Hwy 38 N to Effie. Right on State Hwy 1 to property on Left.
Neighborhood
  • High School District: Grand Rapids
MLS Addon
  • Office Name: COLDWELL BANKER NORTHWOODS
Additional Information
  • Water Source: Drilled
  • Accessibility Features: None
  • Building Size: 4492
  • Construction Materials: Brick,Frame
  • Current Use: Residential
  • Foundation Details: Block
  • Levels: Two
  • Lot Size Dimensions: .51 acres
  • Number Of Units Total: 6
Financial
  • Tax Annual Amount: 1399
Listing Information
  • Co List Agent Mls Id: 501000547
  • Co List Office Mls Id: 27557
  • Co List Office Name: COLDWELL BANKER NORTHWOODS
  • List Agent Mls Id: 501000038
  • List Office Mls Id: 27557
  • Modification Timestamp: 2026-09-25T19:41:07Z
  • Originating System Name: NorthStar
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