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Location
Key Details
$350,000.00
4 Baths
Attached
Bi-level
1,610 SQ.FT
1975
Wadena
Description
Solid four-plex investment opportunity featuring a proven renovation history and strong rental fundamentals. This 1,610 sq. ft. building offers 7 bedrooms and 4 bathrooms across four self-contained units, providing an attractive mix of one- and two-bedroom suites well suited to local rental demand. The property has undergone major renovations, including updates to kitchens, bathrooms, windows, doors, siding, insulation, flooring, plumbing, and mechanical systems. An updated furnace and newer plumbing add further long-term reliability. A refrigerator was replaced in Unit 2 within the past year. Currently partially occupied, with market rents supporting approximately $4,700/month at stabilization ($950 for the one-bedroom unit and $1,250 for each two-bedroom unit, plus electricity). This creates immediate upside for investors through lease-up and rent optimization. Appliances are included, simplifying turnover and management. The layout and suite mix support consistent demand and efficient operations. The seller prefers to sell this property as part of a portfolio package with 89 Horkoff Street and 633/635 3rd Street, offering investors an opportunity to acquire scale and operational efficiencies across multiple assets. A strong option for investors focused on stabilized returns, renovation-backed value, and long-term rental income.
Listing courtesy of Aspaire Realty Inc.
More Info
City: Wadena
Square Footage: 1610
Year Built: 1975
Style: Bi-level
Type: Fourplex (all 4 Units)
Roof: Asphalt Shingles
Outdoor: Deck, Lawn Front
Exterior: Vinyl
Furnace: Furnace Owned
Heating: Forced Air
Land Size: 0.27
Total Acres: 0.2700
Water Heater: Included
Water Softener: Not Included
Listed By: Aspaire Realty Inc.
