540 W Stanton AVE new Save Request In-Person Tour Request Virtual Tour
Fergus Falls,MN 56537
Key Details
Property Type Multi-Family
Sub Type Duplex Up and Down
Listing Status Active
Purchase Type For Sale
Square Footage 1,574 sqft
Price per Sqft $69
Subdivision Mclanes Add
MLS Listing ID 6786573
Year Built 1913
Annual Tax Amount $1,787
Tax Year 2025
Contingent None
Lot Size 0.290 Acres
Acres 0.29
Lot Dimensions 90x142
Property Sub-Type Duplex Up and Down
Property Description
Unlock the Potential of This Value-Add Investment Opportunity: Whether you're stepping into real estate for the first time or expanding your rental portfolio, this versatile 2-unit property offers strong ROI potential for those skilled in renovation, maintenance, and repair. With tenants already vacated, the building is primed for updates and ready for your vision.
Currently configured as a 1BR/1BA main floor apartment and a 2BR/1BA upper floor apartment. with room to grow by adding a studio-style unit in the lower level. Think big and consider converting the structure back into a single-family home on a double-wide lot for a profitable flip.
Priced to sell in AS-IS condition, this low-cost property is a strategic entry point into real estate investment. Bonus: the seller has already paid the special assessment for the recently completed street reconstruction, saving you upfront costs.
With the right approach, this could be the cornerstone of your next successful venture.
Location
State MN
County Otter Tail
Zoning Residential-Multi-Family
Rooms
Basement Block
Interior
Heating Boiler
Fireplace No
Exterior
Parking Features Gravel,Parking Lot
Garage Spaces 1.0
Roof Type Age Over 8 Years
Building
Story Two
Foundation 787
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Wood Siding
New Construction false
Schools
School District Fergus Falls