Active | MLS # 6467604 | Listed by The Real Estate Company of Detroit Lakes
4011 4th St is a $899,000, 11,928 square foot home on a 0.52 acre lot located in Lake Park, MN.
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.
| Cooling Types | Wall Unit(s) |
| Heating Types | Baseboard |
| # Parking Spaces | 6 |
| Parking Types | Detached Guest Parking Parking Lot Paved |
| Exterior Features | None Coin-op Laundry Owned Residential Cable TV Electricity Electric Separate Hot Water Common |
| Construction Types | Brick/Stone |
| Water Source | City Water/Connected |
| Sewer | City Sewer/Connected |
| Property Type | Commercial Sale |
| Property Sub Type | Apartment |
| Style | Two |
| Year Built | 1968 |
| HOA Fee | $0.00 |
| Taxes | $6,302.00 |
| County | becker |
| School District | lake park-audubon schools |
| Neighborhood | Canfields 1st Add |
Based on information from the Regional Multiple Listing Service of Minnesota, data last updated 09/10/2024 at 07:49am MDT. Listing 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. Information deemed reliable but not guaranteed by the MLS or this website© 2024 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. See full DMCA disclaimer
