713/719 5th Ave, International Falls, MN 56649

Income producing 7 unit complex consisting of two separate buildings. Don't judge a book by its cover! These historic buildings were once the Craig Hospital and Clinic. Lots of original woodwork and hardwood floors. Recent improvements for unit 719 include new rubber roof costing over $14k, blown in insulation in attic and walls, hot water heater and 2 windows. Unit 713 also had insulation blown in. The ''other'' expense is for potential rent loss due to vacancy, but this will vary. See the attachment for detailed info on this great income producing opportunity which has a cap rate of 15%! This listing along with 18-162 are available as a package deal. Call for more info.