Looking for an opportunity to enter the realm of real estate investment or to expand your rental portfolio? This 2-unit residential unit offers potential for significant ROI for someone handy in the skills of maintenance and repair. Main floor 1BR/1BA apartment and 2BR/2BA upper floor apartment. Potential to add studio type apartment in lower level. With diligence, patience, and a strategic approach, investing in this low-cost property can be the first step towards building a successful real estate portfolio. Home priced to sell in as-is condition. Seller has paid in-full the special assessment for the current street reconstruction.
Fergus Falls is located in Minnesota. Fergus Falls, Minnesota has a population of 13,606. Fergus Falls is more family-centric than the surrounding county with 28.05% of the households containing married families with children. The county average for households married with children is 27.5%.
The median household income in Fergus Falls, Minnesota is $43,191. The median household income for the surrounding county is $55,181 compared to the national median of $57,652. The median age of people living in Fergus Falls is 43.3 years.
The average high temperature in July is 82 degrees, with an average low temperature in January of 0.2 degrees. The average rainfall is approximately 24.8 inches per year, with 45 inches of snow per year.