605 Main Street

Tower, MN 55790

About this property

Fantastic investment opportunity in the heart of Tower, just one block from Lake Vermilion. Fully leased 4-plex with four 2-bed, 1-bath units. Each unit has been updated with newer windows, paint, flooring, and upgraded PEX plumbing. Newer boiler system provides efficient heat. Property is well maintained and cash flowing. Includes an additional vacant lot with extra storage sheds already there offering excellent potential for future expansion, garages, or another multi-use build. Great location close to downtown, marina, and local amenities. Live in one unit and rent the rest or keep as a solid income-producing property. Inspection has already been done on the property and will be shared with future buyer.

About this property

Fantastic investment opportunity in the heart of Tower, just one block from Lake Vermilion. Fully leased 4-plex with four 2-bed, 1-bath units. Each unit has been updated with newer windows, paint, flooring, and upgraded PEX plumbing. Newer boiler system provides efficient heat. Property is well maintained and cash flowing. Includes an additional vacant lot with extra storage sheds already there offering excellent potential for future expansion, garages, or another multi-use build. Great location close to downtown, marina, and local amenities. Live in one unit and rent the rest or keep as a solid income-producing property. Inspection has already been done on the property and will be shared with future buyer.

Features and Additional Information

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$349,000 Active
4,467 sqft

Presented By Coldwell Banker Crown Bemidji

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Get in touch today! Phone: 1-218-444-2118
Brokerage
Z'Up North Realty, Inc.
1-218-827-2288
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Area Information

| St. Louis County | Tower

$ 349,000
This listing is play_arrow 97.2% higher than the average in the area
$ 176,950 in the area
4,467 SqFt
This listing is play_arrow 207.9% larger than the average in the area
1,451 SqFt in the area
$ 78 $/SqFt
This listing is play_arrow 36.2% less than the average in the area
$ 122 $/SqFt in the area
21 days on site
This listing is play_arrow 85.5% below the average in the area
145 days on site in the area

Schools in the Area

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    Elementary School
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    Middle School
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    High School
    St. Louis County

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Listed By Chessica L. Olson
Brokerage: Z'Up North Realty, Inc.

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