$299,900
Oklee, MN 56742
MLS# 7005249
8 beds | 8 baths
1 / 17
Property Description
Great investment opportunity in this thriving small community! Two buildings, each housing 4 one-bedroom units. Siding, windows, and shingles were done in 2015. These well-maintained units would make a great addition to your portfolio. Call today to schedule your showing!
Details
Maps
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Active
Current Price: $299,900
Contingency: None
ListPrice: 299900
List Date: 2026-01-05
Office/Member Info
Association: NWMAR
General Property Information
Lot Measurement: Acres
Management Company Name: Greater Minnesota Management
Multiple PIDs?: No
Other Parking Spaces: 8
Owner Occupied: No
Waterfront Present: No
Year Built: 1977
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Lot Dimensions: 200x150
Acres: 0.68
Foundation Size: 2928
Garage Stalls: 0
For Sale or Lease: For Sale
Assessment Pending: No
Bedrooms: 8
Baths Total: 8
Location, Tax and Other Information
Legal Description: OKL-GOLF COURSE ADD LOTS 1 & 2
Listing City: Oklee
Map Page: 999
Municipality: Oklee
School District: Red Lake Central
School District Phone: 218-465-4222
Zip Plus 4: 4905
Property ID Number: 152565000
Tax Year: 2026
Tax Amount: 4178
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Great investment opportunity in this thriving small community! Two buildings, each housing 4 one-bedroom units. Siding, windows, and shingles were done in 2015. These well-maintained units would make a great addition to your portfolio. Call today to schedule your showing!
Directions: Go South on Main Street in Oklee, to the property.
Accessible
No Stairs Internal: 1
Air Conditioning
Wall Unit(s): 1
Appliances
Range: 1
Refrigerator: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 4178
Assumable Loan
Not Assumable: 1
Basement
Foundation Dimensions: 48x54
None: 1
Building Information
Building Finished SqFt: 6000
Building SqFt: 2928
Construction Materials
Frame: 1
Other: 1
Construction Status
Previously Owned: 1
Exterior
Vinyl: 1
Fencing
None: 1
Flooring
Carpet: 1
Vinyl/Linoleum: 1
Foundation
None: 1
Fuel
Electric: 1
Propane: 1
Heating
Baseboard: 1
Forced Air: 1
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Owner Pays
All Utilities: 1
Electricity: 1
Gas: 1
Grounds Care: 1
Heat: 1
Insurance: 1
Sewer: 1
Water: 1
Ownership
Fractional Ownership: No
Parking Characteristics
Parking Lot: 1
Assigned: 1
Uncovered/Open: 1
Road Frontage
City Street: 1
Road Responsibility
Public Maintained Road: 1
Roof
Asphalt Shingles: 1
Sale Options
Sale Includes: Building, Land
Sewer
City Sewer/Connected: 1
Stories
One: 1
Topography
Level: 1
Unit 1
Lease Expiration Date: 2025-01-01
Leased?: Yes
Level: Main Level
Unit Number: 1
Monthly Rent: 650
Full Baths: 1
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 5
Unit Total SqFt: 650
No. of 1 Bedroom Units: 8
Unit Details
Total Units: 8
Wall Description
Drywall: 1
Finished: 1
Water
City Water/Connected: 1
Income and Expenses
Annual Electric Expense: 7380
Annual Gross Income: 62400
Annual Insurance Expense: 6106
Annual Maintenance Expense: 3000
Annual Trash Expense: 936
Annual Water/Sewer Expense: 3432
No. of Ranges
One Per Unit: 1
No. of Refrigerators
One Per Unit: 1
Tenant Pays
Cable TV: 1
Telephone: 1
Unit 2
Lease Expiration Date: 2025-01-01
Leased?: Yes
Level: Main Level
Unit Number: 2
Full Baths: 1
Monthly Rent: 650
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 5
Unit Total SqFt: 650
Unit 3
Lease Expiration Date: 2025-01-01
Leased?: Yes
Level: Main Level
Unit Number: 3
Full Baths: 1
Monthly Rent: 650
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 5
Unit Total SqFt: 650
Unit 4
Lease Expiration Date: 2025-01-01
Leased?: Yes
Level: Main Level
Unit Number: 4
Full Baths: 1
Monthly Rent: 650
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 5
Unit Total SqFt: 650
Unit 5
Lease Expiration Date: 2025-01-01
Leased?: Yes
Level: Main Level
Unit Number: 5
Full Baths: 1
Monthly Rent: 650
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 5
Unit Total SqFt: 650
Unit 6
Lease Expiration Date: 2025-01-01
Leased?: Yes
Level: Main Level
Unit Number: 6
Full Baths: 1
Monthly Rent: 650
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 5
Unit Total SqFt: 650
Unit 7
Lease Expiration Date: 2025-01-01
Leased?: Yes
Level: Main Level
Unit Number: 7
Full Baths: 1
Monthly Rent: 650
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 5
Unit Total SqFt: 650
On Site Utilities
Electric Common: 1
Heating Common: 1
Hot Water Common: 1
CMU Style
Apartments/Multi Family: 1
Single Occupancy: 1
Current Use
Residential: 1
Loan Terms
Cash: 1
Conventional: 1
Rent Rate per Foot
Per Month: 1
Unit 8
Full Baths: 1
Lease Expiration Date: 2025-01-01
Leased?: Yes
Level: Main Level
Monthly Rent: 650
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 5
Unit Number: 8
Unit Total SqFt: 650
Location Tax and Other Information
House Number: 601 & 603
Street Name: Main
Street Suffix: Street
Postal City: Oklee
County: Red Lake
State: MN
Zip Code: 56742
Complex/Dev/Subdivision: Okl-Golf Course Add
Property Features
Accessible: No Stairs Internal
Air Conditioning: Wall Unit(s)
Appliances: Range; Refrigerator
Assumable Loan: Not Assumable
Basement: None
CMU Style: Apartments/Multi Family; Single Occupancy
Construction Materials: Frame; Other
Construction Status: Previously Owned
Current Use: Residential
Exterior: Vinyl
Fencing: None
Flooring: Carpet; Vinyl/Linoleum
Foundation: None
Fuel: Electric; Propane
Heating: Baseboard; Forced Air
Loan Terms: Cash; Conventional
On Site Utilities: Electric Common; Heating Common; Hot Water Common
Owner Pays: All Utilities; Electricity; Gas; Grounds Care; Heat; Insurance; Sewer; Water
Parking Characteristics: Parking Lot; Assigned; Uncovered/Open
Rent Rate per Foot: Per Month
Road Frontage: City Street
Road Responsibility: Public Maintained Road
Roof: Asphalt Shingles
Sewer: City Sewer/Connected
Stories: One
Tenant Pays: Cable TV; Telephone
Topography: Level
Wall Description: Drywall; Finished
Water: City Water/Connected
Listing Office: Nordin Realty Inc.
Last Updated: April - 09 - 2026
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.