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4011 4TH Street

Lake Park, MN 56554
  • $899,000
  • STATUS: Active
  • ON SITE: 69 Days
  • ID#: 23-5526
UPDATED: 6 min ago
$899,000
  • 0
    BEDS
  • 0.52
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 11,928
    SQFT
  • $75
    $/SQFT
Type:
Multi-Family
Built:
1968
County:
Area:

School Information

High School:
Listing courtesy of The Real Estate Company of Detroit Lakes.

Description

What a great investment opportunity in the City of Lake Park! Welcome to Park Terrance Apartments, a 12-plex building located between Detroit Lakes, MN and Fargo, ND. Featuring 11-2bed/1bath units, 1-1bed/1 bath unit, 6 garage stalls and parking lot, shared/coin-op laundry in the lower level, common interior hallways, and more. Each 2nd and 3rd floor unit has a balcony, and two of the lower-level units have a walk-out patio. Over half of the units have been updated (2 current vacancies under construction). The roof was replaced about 10 years ago. New common water heater (5 years old). Laundry updates underway. Plenty of Upside with current market rates, garage stall income, and coin-op laundry. Book your showing today! 48 hr notice required.

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Fargo-Moorhead Association of Realtors logo
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity program of the FMAAR MLS. Real estate listings other than FM Team - Keller Williams Inspire Realty are marked with the Broker Reciprocity logo and the view of detailed information about them includes the name of the listing broker. Information is being provided for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties which consumers may be interested in purchasing. All property listing data is © 2024 Fargo-Moorhead Area Association of REALTORS®. No reproduction, compilation, retransmission or distribution of this data is permitted in any manner without the express, written permission of the Fargo-Moorhead Area Association of REALTORS®. Information provided is not guaranteed to be accurate and should be independently verified. Data last updated: 2024-02-23T10:41:35.663.
www.fmrealestateteam.com/homes/146093533
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4011 4TH Street Lake Park, MN 56554

  • Price: $899,000
  • Status: Active
  • On Site: 69 Days
  • Updated: 6 min ago
  • ID#: 23-5526
0
Beds
0
Baths
0
½ Baths
0.52
Acres
11,928
SQFT
$75
$/SQFT
1968
Built
County:
Becker
Area:
Lake Park
High School:
Lake Park-Audubon
Property Description
What a great investment opportunity in the City of Lake Park! Welcome to Park Terrance Apartments, a 12-plex building located between Detroit Lakes, MN and Fargo, ND. Featuring 11-2bed/1bath units, 1-1bed/1 bath unit, 6 garage stalls and parking lot, shared/coin-op laundry in the lower level, common interior hallways, and more. Each 2nd and 3rd floor unit has a balcony, and two of the lower-level units have a walk-out patio. Over half of the units have been updated (2 current vacancies under construction). The roof was replaced about 10 years ago. New common water heater (5 years old). Laundry updates underway. Plenty of Upside with current market rates, garage stall income, and coin-op laundry. Book your showing today! 48 hr notice required.
Exterior Features

Construction Materials OtherBrick Lot Size Dimensions 150x150 Roof Flat Water Front YN No

Interior Features

Above Grade Finished Area 7952 Below Grade Finished Area 3976 Cooling Wall Unit(s) Heating Electric Interior Features Apartment Living Area 874

Property Features

Maintenance Expense 2443.5 Net Operating Income 78985.32 Other Expense 0 Property Sub Type Multi-Family Tax Amount 6032 Tax Other Assessment Amount 0 Total Annual Operating Expenses 32614.68 Utilities City WaterCity Sewer Water Body Name None

Fargo-Moorhead Association of Realtors logoListing provided courtesy of Chris Nord of The Real Estate Company of Detroit Lakes: (218) 841-2187.
Fargo-Moorhead Association of Realtors logo
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity program of the FMAAR MLS. Real estate listings other than FM Team - Keller Williams Inspire Realty are marked with the Broker Reciprocity logo and the view of detailed information about them includes the name of the listing broker. Information is being provided for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties which consumers may be interested in purchasing. All property listing data is © 2024 Fargo-Moorhead Area Association of REALTORS®. No reproduction, compilation, retransmission or distribution of this data is permitted in any manner without the express, written permission of the Fargo-Moorhead Area Association of REALTORS®. Information provided is not guaranteed to be accurate and should be independently verified. Data last updated: 2024-02-23T10:41:35.663.
 
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FM Team - Keller Williams Inspire Realty
4575 23rd Ave, South Ste 400
Fargo ND, 58104
Listing courtesy of The Real Estate Company of Detroit Lakes.