Listed By
Agency Name: Anchor Realty
Agency Phone: 612-501-2878
Shown By
Agent Name: Bill Lieb
Agent Phone: (763) 360-0878
Agency Title: Counselor Realty
Property Description
Exceptional turn-key 4-plex opportunity in the heart of Tower, MN ? just one block from beautiful Lake Vermilion. Whether you're an investor looking for strong cash flow or a first-time home buyer wanting tenants to help pay the mortgage, this property offers endless potential.The building features four spacious 2-bedroom, 1-bath units with separate electric meters, allowing tenants to pay their own electricity. All units are currently rented at $1,000 per month on flexible month-to-month leases, providing immediate rental income with room for future rent increases.Located in one of northern Minnesota's premier recreation destinations, this property offers quick access to boating, fishing, snowmobile trails, and ATV trails right outside your door. The historic building has seen updates throughout while still maintaining its character and charm.Additional opportunity available with a neighboring commercial lot that may be purchased together or separately.Live in one unit while the other tenants help offset your mortgage, or add a solid income-producing property to your portfolio in a highly desirable lake community.
Property Features
Feature Descriptions
Local Schools
605 Main Street, Tower, MN 55790
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$ 1,915.25 per month $1,755.87 Principal & Interest $63.17 Property Tax $96.22 Homeowner's InsuranceChange Payment Information
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605 Main Street, Tower, MN 55790
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Agency License Information: Counselor Realty, Inc. is licensed in Minnesota and Wisconsin; Counselor Realty, Inc. of Alexandria is licensed in Minnesota; Counselor Realty Detroit Lakes, LLC is licensed in Minnesota; Counselor Realty of Rochester is licensed in Minnesota; Counselor Realty of Victoria, LLC is licensed in Minnesota; Counselor Realty of Brainerd is licensed in Minnesota.
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605 Main Street | MLS# 7046763
This multi-family property located at 605 Main Street, Tower, MN 55790 is currently listed for sale with an asking price of $329,900. Main Street is located within the St. Louis school district. Search Tower real estate on blieb.counselorrealty.com today.