15244 Douglas Ave Thief River Falls, MN 56701
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 15244 Douglas Ave
- Year built
- 1976
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a 10-unit apartment building situated on a sizable land parcel in Thief River Falls, Minnesota. The property, located at 15244 Douglas Avenue, zip code 56701, Pennington County, boasts a diverse unit mix, including one two-bedroom apartment and nine one-bedroom apartments. Each unit is equipped with a full bathroom, offering comfortable living spaces for residents. Built in 1976, this property presents a strong foundation for immediate income generation and potential future development. The asking price is $450,000. While the lot size is not currently specified, the substantial building footprint indicates a significant land area. This multifamily property is ideally suited for investors seeking a proven rental income stream in a stable market. The property's location in Thief River Falls offers convenient access to local amenities and services, making it an attractive option for tenants. This is a rare opportunity to acquire a well-established multifamily property with significant upside potential. The property's age provides an opportunity for future renovations and upgrades to enhance rental income and property value. Serious inquiries are encouraged to explore this promising investment.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Thief River Falls
- County
- Pennington
- State
- Minnesota
- Longitude
- -96.144046
- Latitude
- 48.097993
