540 West Stanton Avenue

Fergus Falls, MN 56537

$138,000
Price
—
Beds
1,574 Sq. Ft.
$88 / Sq. Ft.
1,574
Sq. Ft.
$88
per Sq. Ft.

Description

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...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.

Property Details for 540 West Stanton Avenue

Subdivision Name
Mclanes Add
Zoning Jurisdiction
Residential-Multi-Family
LISTING UPDATED: 06/29/2024 09:05 PM

Property Details for 540 West Stanton Avenue

StatusActive
MLS #6558612
Days on Compass44
Taxes$1,756 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex Up and Down
Year Built1913
Lot Size0.29 AC / 12,632 SF
CountyOtter Tail County

Building Information for 540 West Stanton Avenue

Stories-Residences2Year Built1913Building Size-Lot Size0.29 AC / 12,632 SF

Property Information for 540 West Stanton Avenue

Summary
Location and General Information
  • City Name: Fergus Falls
  • County Or Parish: Otter Tail
  • County: Otter Tail-MN
  • Directions: From West Lincoln Ave turn south onto Broadway. Stanton Ave is under construction, so Park on Broadway. Then take sidewalk on Stanton east to second house on North side.
  • Latitude: 46.282759
  • Longitude: -96.083553
  • Map Coordinate: 999-A1
  • Map Coordinate Source: King's Street Atlas
  • City and Location: Fergus Falls
  • City and Location Text: Fergus Falls(MN)
  • Postal Code: 56537
  • State Or Province: MN
  • Public Survey Township: 133
Taxes and HOA Information
  • Additional Parcels: No
  • Parcel Number: 71003990949000
  • Tax Annual Amount: $1,756.00
  • Tax Legal Description: SECT-34 TWP-133 RANGE-043 MCLANE'S ADDN E 40' OF LOT 12 & ALL LOT 13 BLK 5
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2024
  • Tax With Assessments: 1756.0000
School Information
  • High School District: 544 - Fergus Falls
  • School District Number: 544
  • School District Phone: 218-998-0544
Property
Lot Information
  • Above Grade Fin SQFT: 1574.0
  • Below Grade Fin SQFT: 0.0
  • Building Area Source: County Records
  • SQFT Total: 1574.0
  • Lot Size Area: 0.29
  • Lot Size Dimensions: 90x142
  • Lot Size Units: Acres
  • Present Use: Yearly
  • Property Sub Type: Duplex Up and Down
  • Property Type: Residential Income
  • SQFT Main Total: 787.0000
  • Above Grade SqFt Total: 1574.0000
  • Below Grade SqFt Total: 787.0000
Property and Assessments
  • Age Of Property: 111
Utilities
  • Sewer: City Sewer/Connected
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Foundation Area: 787.0
  • Fuel: Natural Gas
  • Road Frontage Type: Paved Streets
  • Road Responsibility: Public Maintained Road
  • Roof: Age Over 8 Years
Interior Features
  • Basement Type: Block
  • DP Resource: Y
  • Garage Dimensions: 24x14
  • Garage Square Feet: 336
  • Heating: Boiler
  • Levels: Two
  • Number of Refrigerator: Two
  • Basement YN: Yes
Multi Family
Unit 1
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Monthly Expenses: 135.00
  • Unit Rooms Total: 4
  • Unit SqFt: 700
  • Unit Type Actual Rent: $565.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Units Total: 1
  • Bedroom 1 Room Level: Main (Ground)
  • Bedroom 2 Room Level: Main (Ground)
  • Bedroom 3 Room Level: Main (Ground)
  • Bedroom 4 Room Level: Main (Ground)
  • Unit Type Total Rent: 6780
  • Unit Furnished: No
Unit 2
  • Unit Appl: Range
  • Unit Bath 3Qtr: 0
  • Unit Bath Description: Upper Level Full Bath
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Monthly Expenses: 0.00
  • Unit Rooms Total: 5
  • Unit SqFt: 787
  • Unit Type Actual Rent: $615.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Units Total: 1
  • Dining Room Level: Upper
  • Extra Room 1 Level: Upper
  • Family Room Level: Upper
  • Kitchen Room Level: Upper
  • Living Room Level: Upper
  • Unit Type Total Rent: 7380

Property History for 540 West Stanton Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 540 West Stanton Avenue

Taxable ValueLand$13,300Additions$134,600Total$147,900
Tax Record2023$936 ($78 / month)
Home Facts
Beds3Total Finished SqFt787 SqFtAbove Grade Finished SqFt787 SqFtStories2Lot Size12,632 SqFtStyleSingle Family ResidenceYear Built1913CountyOTTER TAILAPN71003990949000

Schools near 540 West Stanton Avenue

This home is within Fergus Falls Public School District.
Rating
School
Type
Grades
Distance
McKinley Elementary School
Public - PK to 1
iQ Academy 6-8
Public - 6 to 8
Kennedy High School
Public - 9 to 12
Adams Elementary School
Public - 1 to 2
Rating
School
Distance
McKinley Elementary School
PublicPK to 1

iQ Academy 6-8
Public6 to 8

Kennedy High School
Public9 to 12

Adams Elementary School
Public1 to 2

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 540 West Stanton Avenue, Fergus Falls, MN 56537

540 West Stanton Avenue is a multi-family home for sale in Fergus Falls, MN 56537. This property was listed for sale on June 21, 2024 by Trilogy Real Estate, it's currently listed at $138,000. This listing's school district is Fergus Falls Public School District. Nearby schools include McKinley Elementary School, iQ Academy 6-8 and Kennedy High School. 540 West Stanton Avenue is a 0-bed, 0-bath, 1,574 sqft multi-family home built in 1913.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Trilogy Real Estate

Based on information from one of the following Multiple Listing Services: Minneapolis Northstar, REALTORS Association of Northeast Wisconsin and Lake Superior Area REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Minneapolis Northstar and REALTORS Association of Northeast Wisconsin is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Data last updated on 06/29/2024 09:05 PM