$210,000
International Falls, MN 56649
MLS# 6764198
1 / 8
Property Description
Investment Opportunity – Fully Rented Apartment with 12% Cap Rate! Step into the world of real estate investing with this turnkey, income-producing apartment property offering a remarkable 12% cap rate. Whether you're a seasoned investor or just getting started, this is the perfect opportunity for new investors looking to build wealth with a high-performing asset. This property is fully rented with reliable tenants in place, providing immediate cash flow from day one. Low vacancy risk, solid rental history, and minimal management headaches make this an ideal addition to any portfolio. Don’t miss your chance to own a high-yield asset in a strong rental market. Opportunities like this don’t come around often—secure your future in real estate today!
Details
Maps
Documents
Contract Information
Status: Active
Current Price: $210,000
Contingency: None
ListPrice: 210000
List Date: 2025-07-31
Owner is an Agent?: Yes
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 7
Owner Occupied: No
Waterfront Present: No
Year Built: 1940
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 1680
For Sale or Lease: For Sale
Acres: 0.24
Lot Dimensions: 75X140
Location Tax and Other Information
House Number: 408
Street Name: 10th
Street Suffix: Street
Postal City: International Falls
County: Koochiching
State: MN
Zip Code: 56649
Complex/Dev/Subdivision: International Falls
Assessments
Tax With Assessments: 1838
Building Information
Building Finished SqFt: 3360
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 24
Section#: 34
Township#: 71
Sale Options
Sale Includes: Building, Fixture/Equipment, Land, Leases
Unit 1
No. of 1 Bedroom Units: 5
Unit 2
No. of 2 Bedroom Units: 1
Unit Details
Total Units: 7
Unit Information
No. of Efficiency Units: 1
Property Features
Accessible: None
Air Conditioning: None
Amenities Shared: Coin-op Laundry Owned
Amenities Unit: Ceiling Fan(s); Kitchen Window; Tile Floors
Appliances: Range; Refrigerator
Basement: Poured Concrete; Storage/Locker
CMU Style: Apartments/Multi Family
Construction Status: Previously Owned
Current Use: Residential
Exterior: Stucco
Flooring: Carpet; Tile; Vinyl/Linoleum
Foundation: 8 ft+ Pour
Fuel: Natural Gas
Heating: Boiler; Radiator
Loan Terms: Cash; Conventional
On Site Utilities: Electric Separate; Heating Common; Hot Water Common
Owner Pays: Gas; Grounds Care; Heat; HVAC Maintenance; Insurance; Lawn; Lawn; Maintenance/Repair; Management; See Remarks; Sewer; Snow Removal; Taxes; Trash Collection; Water
Parking Characteristics: Parking Lot; Gravel Lot
Rent Rate per Foot: Per Month
Road Frontage: City Street
Road Responsibility: Public Maintained Road
Roof: Flat
Sewer: City Sewer/Connected
Stories: Two
Tenant Pays: Electricity
Water: City Water/Connected
408 10th Street Monthly Info revised.pdf 
Listing Office: Move it Real Estate Group/Lake
Last Updated: December - 31 - 2025
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.