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23941 County Road 123 4 Unit Apartment Building $449,900 ($112,475/Unit) Osage, MN 56570
Investment Highlights
- Situated just minutes from Straight Lake, downtown Osage, and Park Rapids, the location combines natural beauty with easy access to amenities
- A shared common area includes coin-operated laundry facilities, adding practicality to the resident experience
- Positioned on a spacious 3.95-acre lot, the property enjoys an exceptionally drivable, private setting
- Residents benefit from individual utility setups, ensuring efficiency and convenience for daily living
Executive Summary
Exciting rental opportunity. This well maintained 4-plex offers three inviting 2-bedroom, 1-bath units alongside a cozy 1-bedroom, 1-bath unit. Each residence boasts its own dedicated utilities, with the convenience of a coin-operated washer and dryer in the shared common area. The current owner has thoughtfully updated all units, ensuring a modern and comfortable living experience. Perfectly situated just minutes from the serene Straight Lake, downtown Osage, and charming Park Rapids, this property is an ideal place to call home!
Property Facts
| Price | $449,900 | Apartment Style | Low-Rise |
| Price Per Unit | $112,475 | Building Class | C |
| Sale Type | Investment | Lot Size | 3.95 AC |
| Sale Condition | Business Value Included | Building Size | 4,071 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1984 |
| Property Subtype | Apartment | Parking Ratio | 1.5/1,000 SF |
| Zoning | COMMERCIAL - COMMERCIAL | ||
| Price | $449,900 |
| Price Per Unit | $112,475 |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 3.95 AC |
| Building Size | 4,071 SF |
| No. Stories | 2 |
| Year Built | 1984 |
| Parking Ratio | 1.5/1,000 SF |
| Zoning | COMMERCIAL - COMMERCIAL |
About 23941 COUNTY ROAD 123 , OSAGE, MN 56570
The property consists of a low-rise, 4-unit apartment building on County Road 123 in Osage, MN. Built in 1984, the structure sits on approximately 3.95 acres with available on-site parking. It is located near Straight Lake, close to residential neighborhoods, and within easy reach of Park Rapids. Utilities are individually metered, and laundry facilities are provided in a shared common area. The site is zoned for commercial use and offers year-round accessibility by car.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 3 | - | - |
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Property Taxes
| Parcel Number | R210271000 | Improvements Assessment | $145,800 |
| Land Assessment | $42,200 | Total Assessment | $188,000 |
Property Taxes
Parcel Number
R210271000
Land Assessment
$42,200
Improvements Assessment
$145,800
Total Assessment
$188,000
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23941 County Road 123
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