512 Balsam AVE, Frazee, MN 56544 - MLS#6491367

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Brandon Anderson

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

$1,650,000

Est. payment - /mo

10.41 Acres Lot

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UPDATED:

07/10/2024 07:36 PM

Key Details

Property Type Commercial

Sub Type Business,Other,Resort

Listing Status Active

Purchase Type For Sale

MLS Listing ID 6491367

Year Built 1998

Annual Tax Amount $9,202

Tax Year 2023

Contingent None

Lot Size 10.410 Acres

Acres 10.41

Lot Dimensions Irregular

Property Description

Seller offering $15,000 credit towards buyer's closing costs. 9% Cap Rate! Albertson Lake MHC is ready for a lucky new owner to take over a great opportunity. This is a rare opportunity to buy an income producing park in the heart of lakes country. Frazee is a small community located just off Hwy 10 between Detroit Lakes and Frazee. You won't find many MHC's maintained and improved like this one. Comprised of 31 lots (room to add) Albertson Lake MHC sits on a nearly 11 acre lot with 580 FF overlooking Albertson Lake. City water, sewer, and asphalt paved road updated in 2022. There is a 30x30 shop with full basement (storm shelter) located at the rear of the property towards the lake. 11 trailers owned by park, the remaining are all lot rents. Inquire today for financial info, and start or improve your investment portfolio!

Location

State MN

County Becker

Zoning Business/Commercial

Body of Water Albertson

Interior

Heating Forced Air

Inclusions Building, Business Assets, Land, Leases, Other

Fireplace No

Exterior

Garage More Parking Onsite for Fee, RV Access/Parking

Garage Spaces 2.0

Utilities Available Electric Separate, Heating Separate, Hot Water Separate

Waterfront true

Waterfront Description Lake Front

View Y/N Lake

View Lake

Present Use Commercial,Residential

Parking Type More Parking Onsite for Fee, RV Access/Parking

Building

Lot Description Accessible Shoreline, Irregular Lot, Tree Coverage - Light, Underground Utilities

Foundation 900

Sewer City Sewer/Connected

Water City Water/Connected

Structure Type Steel Siding

Schools

School District Frazee-Vergas

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

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Brandon Anderson

+1(612) 490-0638

Agent | License ID: 40180683

Agent License ID: 40180683