30 Graceson Ave S - Apartments FOR SALE


Akeley, MN 56433
$399,000 USD
218-330-2667
30 Graceson Ave S, Akeley, MN for Sale
$399,000 USD
Apartments - FOR SALE
1/1
null | Request Cap Rate

30 Graceson Ave S
Akeley, MN 56433


OVERVIEW

Investment opportunity in the heart of Akeley! This well-maintained 8-unit apartment complex offers an excellent chance to own a fully occupied income-producing property in one of northern Minnesota's most desirable lake regions. Situated on a convenient half-acre city lot, the property features eight 1-bedroom, 1-bath units with updated flooring, spacious layouts, city water and sewer, separate electric service, and ample off-street parking. Tenants enjoy easy access to downtown Akeley, Walker, Leech Lake, and the area's endless outdoor recreation opportunities including boating, fishing, ATV trails, snowmobiling, hunting, and public land access. The property is located just minutes from local restaurants, shopping, parks, and area employers, making it an attractive housing option year-round. The building consists of approximately 7,200 finished square feet and has demonstrated strong rental demand with stable occupancy. Utilities are separately metered for electric, while the property benefits from low-maintenance vinyl siding and a straightforward management structure. Whether you're looking to expand your investment portfolio or acquire a turnkey multifamily asset in a growing recreational market, this property delivers immediate cash flow and long-term upside potential. Financial information available upon request.

FOR SALE DETAILS

PRICE

$399,000 USD

PRICE/SF

$55 USD /SF

# OF UNITS

8

PRICE/UNIT

$49,875

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,782 SF

ZONING

-

APN/PARCEL ID

29.37.06110

ASK ABOUT THIS PROPERTY

Dan JewellColdwell Banker Residential BrokerageMore Info
218-330-2667

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Dan JewellColdwell Banker Residential BrokerageMore Info
218-330-2667

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.