6 Occupied Rentals in North MN - Ely, Tower, Bovey & Hill City

[Johnathan Massie]

Hi, Folks!

My parter and I have secured a few properties in Northern Minnesota from a small-town bank.  All are occupied, cash-flowing rentals.  We are looking to sell our assignable interest in these contracts.  

Investors in Duluth may want to take a close look at these!  

The Ely and Tower properties, though currently occupied, are great candidates for vacation rentals down the road, since they're adjacent to the boundary waters.

Please send offers to [email protected].

8-Plex 201-211 3rd Ave + 300-302 2nd St Bovey, MN - $430K $6,175/mo rent No deferred maintenance 100% occupied - Comps around $522K 4-Plex 143-149 Cedar St Hill City, MN - $280K $2,900/mo rent No deferred maintenance One vacancy - move-in ready Comps around $420K Duplex 215-217 2nd Ave Bovey, MN - $140K $1,700/mo rent No deferred maintenance Both units occupied - Comps around $164K Duplex 340 East Camp St Ely, MN - $126K $1,375/mo rent No deferred maintenance Both units occupied - Comps around $161K

SFR 5617 Pine Street Tower, MN - $126K $875/mo rent No deferred maintenance Comps around $179K SFR 1235 Birch Street Tower, MN - $152K $875/mo rent No deferred maintenance Comps around $193K