4011 4th St, Lake Park, MN 56554 - MLS#6467604

See all 49 photos

49 photos

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Brandon Anderson

brandon@brandonanderson.com +1(612) 490-0638

$899,000

Est. payment - /mo

0.52 Acres Lot

Save Virtual Tour

UPDATED:

07/19/2024 10:43 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Canfields 1St Add

MLS Listing ID 6467604

Year Built 1968

Annual Tax Amount $6,302

Tax Year 2023

Contingent None

Lot Size 0.520 Acres

Acres 0.52

Lot Dimensions 150x150

Property Description

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.

Location

State MN

County Becker

Zoning Business/Commercial,Residential-Multi-Family

Rooms

Family Room Other

Interior

Heating Baseboard

Cooling Wall Unit(s)

Inclusions Building, Fixture/Equipment, Leases

Fireplace No

Exterior

Garage Detached, Guest Parking, Parking Lot, Paved

Garage Spaces 6.0

Utilities Available Electric Separate, Hot Water Common

Roof Type Age Over 8 Years,Flat,Rubber

Present Use Residential

Parking Type Detached, Guest Parking, Parking Lot, Paved

Building

Story Two

Foundation 3976

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

Structure Type Brick/Stone

Schools

School District Lake Park-Audubon Schools

Read Less Info

Listed by Christopher Nord • The Real Estate Company of Detroit Lakes

Get More Information

Brandon Anderson

+1(612) 490-0638

Agent | License ID: 40180683

Agent License ID: 40180683