For Sale
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Property summary
This exceptional 8-unit apartment complex presents a lucrative investment opportunity in the desirable town of Akeley, Minnesota. Boasting a total of 7,200 square feet, this property sits on a half-acre lot, offering ample space and potential for future development or expansion. Its convenient location provides easy access to the amenities and attractions of nearby Walker, including the renowned Leech Lake. Residents enjoy a peaceful small-town atmosphere while remaining within a short driving distance of major shopping, dining, and recreational opportunities. The property's strong rental income stream makes it an attractive proposition for both seasoned investors seeking portfolio diversification and newcomers looking for a stable, high-return investment. The existing structure presents a solid foundation for continued success, with the potential for further value enhancement through strategic property management and upgrades. This is a rare opportunity to acquire a well-situated, income-generating asset in a thriving Minnesota community. The property's strong location and established tenant base contribute to its overall appeal and potential for long-term growth. This turnkey investment is ready for immediate income generation and offers significant upside potential. Serious inquiries are encouraged.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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