$217,500

408 10th St International Falls, MN 56649

Estimated payment $1,301/month

Total Views 4,348
5 Beds
5 Baths
3,570 Sq Ft
$61 Price per Sq Ft

About This Home

Investment Opportunity – Fully Rented Apartment with 12% Cap Rate! Step into the world of real estate investing with this turnkey, income-producing apartment property offering a remarkable 12% cap rate. Whether you're a seasoned investor or just getting started, this is the perfect opportunity for new investors looking to build wealth with a high-performing asset. This property is fully rented with reliable tenants in place, providing immediate cash flow from day one. Low vacancy risk, solid rental history, and minimal management headaches make this an ideal addition to any portfolio. Don’t miss your chance to own a high-yield asset in a strong rental market. Opportunities like this don’t come around often—secure your future in real estate today!

Listing Agent

Lucas DeBenedet

Move it Real Estate Group License #40970935 Listed on: 08/02/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,838

Year Built

  • Built in 1940

Home Design

  • Stucco

Interior Spaces

  • 3,570 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Washer and Dryer

Additional Features

  • Lot Dimensions are 140 x 75
  • Heating System Uses Gas

Community Details

Overview

  • 7 Units

Building Details

  • Insurance Expense $300
  • Utility Expense $626
  • Gross Income $4,200
  • Net Operating Income $2,721

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,838

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Class: Multi Family
  • Construction: Concrete
  • Lvt Date: 08/02/2025
  • Percent Of Bsmnt Finished: 35
  • Real Estate Tax: 1838
  • Total Above Grade Sq Ft: 3360
  • Type: Apartment Complex
  • Year Built: 1940
  • Lot Size Length: 140
  • Lot Size Width: 75
  • Utilities Expenses: 626
  • Insurance Expenses: 300
  • Laundry Storage: Washer/Dryer
  • Net Income: 2721
  • Projected Income: 4200
  • Rent: Month To Month
  • Repairs Maint Expenses: 400
  • Total Expense: 1479
  • Total Income: 4200
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Finished Sq Ft: 3570
  • Basement: Full, Poured
  • Lower Level Sq Ft: 600
  • Main Level Sq Ft: 1680
  • Upper Level Sq Ft: 1680

Exterior Features

  • Exterior: Stucco

Garage/Parking

  • Parking: Parking Area, Gravel

Utilities

  • Utilities: City Sewer, City Water
  • Heating: Gas

Fee Information

  • Rent Income: 4200

Lot Info

  • Zoning: MULTi

Rental Info

  • Actual Income: 4200

Multi Family

  • Number Of Units: 7

Tax Info

  • Taxes: 153

Map

Range of Values:

Collateral Analytics

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2025 09/15/25 Price Changed $217,500 -3.3% $61 / Sq Ft
08/02/2025 08/02/25 For Sale $225,000 -- $63 / Sq Ft
Source: Range Association of REALTORS®

Source: Range Association of REALTORS®

MLS Number: 148797

Range Association of REALTORS®

APN: 92-007-67150

Minnesota Koochiching County International Falls 56649

408 10th St, International Falls, MN

This home is located at 408 10th St, International Falls, MN 56649 and is currently priced at $217,500, approximately $60 per square foot. This property was built in 1940. 408 10th St is a home with nearby schools including Falls Elementary School, Falls Secondary School, and St. Thomas Aquinas Catholic School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Range Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Listing Agent
Lucas DeBenedet
Section Image
Move it Real Estate Group
(218) 392-9318