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108 Cleveland AVE W Underwood, MN 56586
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Key Details
Sold Price $280,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,456 sqft
Price per Sqft $81
Subdivision Underwood
MLS Listing ID 6713002
Sold Date 06/12/25
Year Built 1976
Annual Tax Amount $2,762
Tax Year 2025
Contingent None
Lot Size 0.520 Acres
Acres 0.52
Lot Dimensions 50x150
Property Sub-Type Quadruplex
Property Description
This well-maintained investment property offers strong cash flow, minimal upkeep, and a proven rental history. A fantastic opportunity for first-time investors or a valuable addition to any portfolio, the building features four fully occupied 2-bedroom, 1-bath apartments.
Each unit includes a dedicated garage, with tenants covering electricity costs—including heat—for added efficiency. Additional amenities include a shared coin-operated laundry and expansive grounds for tenant enjoyment.
Ideally situated just one block from an excellent school, this property provides quiet small-town living with easy access to city conveniences. A short drive connects residents to shopping, employment, and entertainment options, making this a highly desirable rental location.
Location
State MN
County Otter Tail
Zoning Residential-Multi-Family
Rooms
Basement Daylight/Lookout Windows
Interior
Heating Baseboard
Fireplace No
Exterior
Parking Features Detached
Garage Spaces 4.0
Roof Type Asphalt
Building
Story Split Entry (Bi-Level)
Foundation 1728
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Split Entry (Bi-Level)
Structure Type Vinyl Siding
New Construction false
Schools
School District Underwood
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