Turn-Key Investment Property! Take advantage of the low-interest rates with this 90% Remodeled and updated 6 plex fully occupied with POSITIVE cash flow. Long-term dependable, responsible, tenants with leases. Roof 7 years old, Units, 1, 2, 5, and 6 all remodeled and updated, and new furnace only 1-year-old. Unit 3 and Unit 4 have approx 17-year term tenants, so they have not been updated recently. This property sits on a 1.5-acre lot which gives the new owner the option to build storage units. The utility room is already set up for 2 dryers and 2 washers that are coin-operated. The owner does pay for all utilities. GREAT investment property starter.
Off market
$247,900
407 E Cedar St, Houston, MN 55943
10beds
4,500sqft
MultiFamily
Built in 1940
-- sqft lot
$-- Zestimate®
$55/sqft
$1,648 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Forced air, Other, Electric, Gas
Appliances
- Included: Microwave, Range / Oven, Refrigerator
Features
- Flooring: Tile, Other, Carpet, Laminate
- Basement: Finished
- Has fireplace: Yes
Interior area
- Total interior livable area: 4,500 sqft
Property
Parking
- Total spaces: 10
- Parking features: Off-street
Features
- Exterior features: Cement / Concrete
Lot
- Size: 1.52 Acres
Details
- Parcel number: 240073000
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Asphalt
Condition
- Year built: 1940
Community & neighborhood
Location
- Region: Houston