$899,000
4011 4th St Lake Park, MN 56554
For Sale MLS# 6467604
11,928 sq ft Commercial
Details for 4011 4th St
MLS# 6467604
Description for 4011 4th St, Lake Park, MN, 56554
Seller offering $10,000 credit towards buyer's closing costs or appliances. What a great investment opportunity in the City of Lake Park! Welcome to Park Terrace 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 (Currently fully occupied). The roof was replaced about 10 years ago. New common water heater (6 years old). Hallway and Laundry updates underway. Plenty of Upside with current market rates, garage stall income (3 of 6 now rented), and coin-op laundry. Book your showing today! 48 hr notice required.
Listing Information
Property Type: Commercial, Apartments/Multi Family
Status: Active
Bedrooms: 22
Bathrooms: 12
Lot Size: 0.52 Acres
Square Feet: 11,928 sq ft
Year Built: 1968
Foundation: 3,976 sq ft
Garage: Yes
Stories: 2 Stories
Subdivision: Canfields 1st Add
Number Of Units Total: 12
Current Use: Residential
County: Becker
Days On Market: 318
Construction Status: Previously Owned
School Information
District: 2889 - Lake Park-Audubon Schools
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Other Utilities: Electric Separate,Hot Water Common
Cooling: Wall
Heating: Baseboard, Electric, Natural Gas
Exterior / Lot Features
Garage Spaces: 6
Open Parking: 16
Parking Description: Paved Lot, Parking Lot, Guest Parking, Detached Garage, Garage Dimensions - 22x63, Garage Sq Ft - 1386.
Exterior: Brick/Stone
Roof: Flat, Age Over 8 Years, Rubber
Lot Dimensions: 150x150
Zoning: Business/Commercial,Residential-Multi-Family
Additional Exterior/Lot Features: Land Inclusions - Building,Fixture/Equipment,Leases
Community Features
Community Features: Other
Driving Directions
From Hwy 10 in Lake Park, Drive North on Second St and Turn Left on Hawley St. Drive 2 Blocks to apartment building on left.
Financial Considerations
Tenant Pays: Broadband,Cable T.V.,Electric,Heat
Gross Income: 111600
Expense: 32614.68
Tax/Property ID: 510097000
Tax Amount: 6302
Tax Year: 2023
HomeStead Description: Non-Homesteaded
Price Changes
| Date | Price | Change |
|---|---|---|
| 12/15/2023 01.42 PM | $899,000 |
A broker reciprocity listing courtesy: The Real Estate Company of Detroit Lakes
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
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Sales History & Tax Summary for 4011 4th St
Sales History
| Date | Price | Change |
|---|---|---|
| Currently not available. | ||
Tax Summary
| Tax Year | Estimated Market Value | Total Tax |
|---|---|---|
| Currently not available. | ||
Data powered by ATTOM Data Solutions. Copyright© 2024. Information deemed reliable but not guaranteed.
Schools
Schools nearby 4011 4th St
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Data powered by ATTOM Data Solutions. Copyright© 2024. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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