200 SE STATE HWY 1 Effie MN 56639

Turnkey Six-Plex Investment Opportunity. Fully Occupied and Well Maintained. Investor alert! This fully occupied six-unit apartment complex offers a solid, turnkey investment with a strong rental history and consistent occupancy. Each unit is clean, updated, and equipped with central air, providing comfortable living conditions that attract and retain quality tenants. The property features designated parking with individual electric hookups, a coin-operated laundry area for additional income, and a shared outdoor space with a patio and raised garden beds. This well-maintained complex operates at full capacity within a stable rental market, ideal for the seasoned investor or anyone looking to expand their portfolio with a proven, income-producing asset. Qualified buyers only.

Financials are available to qualified buyers only. All rents include utilities. Lessor pays all bills/maintenance and repairs. There are three FA furnaces that are shared. Apartment 101 has FA and electric baseboard. The efficiency has electric baseboard only. New roof in 2021. All units are month to month rentals. Rents went up on January 1 of 2025. Some tenants have been there for many years. The lease expiration date on the feature sheet for each unit is approximate and must be verified by buyer and buyer agent. All measurements are approximate and must be verified to the buyer’s satisfaction.