NOT LISTED FOR SALE

703 N Union Ave Fergus Falls, MN 56537

4 Beds
4 Baths
2,100 Sq Ft
7,405 Sq Ft Lot

Last Sold December 07, 2023

Last sale price $135,000 $64 Per Sq Ft

119 Days on Market

About This Home

As of December 2023

This charming home on Union Avenue is already set up as an investment property to add to your potential income! Whether you'd like to take the first step into rentals, or you would like to add to your investment portfolio, it's ready to go! This 1910 home is laid out with four apartments (a two bedroom, a studio and 2 one bedroom apartments). All units are currently under lease. Main floor apartment has new paint, updated bathroom, new kitchen sink and counter, new flooring and new back steps. The woodwork is gorgeous with original 10 inch base moldings and impressive board and batten details in the foyer. This home could also be returned to lovely single family living.

Last Agent to Sell the Property

Lisa Swenson

Trilogy Real Estate Listed on: 07/24/2023

Last Buyer's Agent

Zachary Good

Lakes Family Real Estate/Otter Tail Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,130

Year Built

  • Built in 1910

Lot Details

  • Lot Dimensions are 50x150

Parking

  • 2 Car Garage

Interior Spaces

  • 2,100 Sq Ft Home
  • 2-Story Property
  • Shared Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Community Details

  • 4 Units
  • Cutlers 4Th Add Subdivision

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 71003990606000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,130

Year Built

Built in 1910

Lot Details

0

Parking

2

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Apartment
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1910
  • Above Grade Finished Sq Ft: 2100
  • Water Sewer Expenses: 1435
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • FoundationDimensions: 21x40
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Shared Access
  • Living Area: 2100
  • Basement YN: No
  • Appliances: Range
  • Total Rooms: 5
  • Appliances: Range
  • Total Rooms: 4
  • Shared Rooms: Other
  • Appliances: Range
  • Total Rooms: 2
  • Appliances: Range
  • Total Rooms: 4

Beds/Baths

  • Total Bedrooms: 4

Exterior Features

  • Roof: Asphalt

Garage/Parking

  • Parking Features: Detached
  • Garage Square Feet: 360

Utilities

  • Heating: Radiator(s)
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Schools

  • Junior High Dist: Fergus Falls
  • SchoolDistrictNumber: 544
  • SchoolDistrictPhone: 218-998-0544

Lot Info

  • Lot Size: 50x150
  • Land Lease: No
  • Additional Parcels: No
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Steel Siding
  • Units Total: 4

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 71003990606000
  • Tax Annual Amount: 2130
  • TaxWithAssessments: 2386.0000

Multi Family

  • TenantPays: Electricity
  • ElectricExpense: 490
  • FuelExpense: 1955
  • Resident Manager Expense: 305

Range of Values:

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Average Value
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List Price
Sold Price
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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
12/07/2023 12/07/23 Sold $135,000 -10.0% $64 / Sq Ft
11/20/2023 11/20/23 Pending -- -- --
11/16/2023 11/16/23 Price Changed $150,000 -6.3% $71 / Sq Ft
10/19/2023 10/19/23 Price Changed $160,000 -13.5% $76 / Sq Ft
10/11/2023 10/11/23 Price Changed $185,000 -5.1% $88 / Sq Ft
08/30/2023 08/30/23 Price Changed $195,000 -7.1% $93 / Sq Ft
07/24/2023 07/24/23 For Sale $210,000 -- $100 / Sq Ft
Source: NorthstarMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2023

    Lisa Swenson

    Trilogy Real Estate

    (319) 321-5559

    7 in this area

    11 Total Sales

    Lisa Swenson
    Section Image

  • Z

    Buyer's Agent in 2023

    Zachary Good

    Lakes Family Real Estate/Otter Tail Real Estate

    (218) 731-2761

    15 in this area

    23 Total Sales

    Zachary Good
    Section Image
See All Agents

Map

Source: NorthstarMLS

MLS Number: 6401971

NorthstarMLS

APN: 71003990606000

Minnesota Otter Tail County Fergus Falls 56537

703 N Union Ave, Fergus Falls, MN

This home is located at 703 N Union Ave, Fergus Falls, MN 56537 since 24 July 2023. This property was built in 1910. 703 N Union Ave is a home located in Otter Tail County with nearby schools including McKinley Elementary School, Cleveland Elementary School, and Adams Elementary School.

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