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Location
Key Details
$350,000.00
4 Baths
Attached
Bi-level
1,560 SQ.FT
1970
Wadena
Description
Well-positioned four-plex offering strong income potential and long-term investment stability in the community of Wadena. This 1,560 sq. ft. property features a total of 5 bedrooms and 4 bathrooms across four self-contained units, making it well suited for investors seeking diversified rental income within a single asset. Current tenancy includes three occupied units with one vacant suite, providing immediate upside through lease-up. Existing rents total $2,700/month, with market rents supporting approximately $4,100/month when fully stabilized (utilities included), offering a clear path to improved cash flow. Capital improvements include an updated furnace and new plumbing, helping reduce near-term maintenance risk and support long-term asset durability. The unit mix and utility-included rent structure align well with local tenant demand, contributing to consistent occupancy potential. The seller prefers to sell this property as part of a portfolio package alongside 245 3rd Street and 633/635 3rd Street, presenting a rare opportunity to acquire multiple income-producing properties in one transaction. Ideal for investors seeking scale, value-add potential, and long-term rental performance in a growing regional market.
Listing courtesy of Aspaire Realty Inc.
More Info
City: Wadena
Square Footage: 1560
Year Built: 1970
Style: Bi-level
Type: Fourplex (all 4 Units)
Roof: Asphalt Shingles
Exterior: Vinyl
Furnace: Furnace Owned
Heating: Forced Air
Appliances: Dryer,fridge,stove,washer
Land Size: 0.27
Total Acres: 0.2700
Water Heater: Included
Water Softener: Not Included
Listed By: Aspaire Realty Inc.
