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 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.
- Property TypeCommercial
- NeighborhoodCanfields 1st Add
- CountyBecker
- Taxes$6,302
- HOA/Condo/Coop Fees$0
- Days on Site159 Days
- MLS StatusActive
- MLS ID Number6467604
- Home Size Source N/A
- Year Built1968
- Lot Size0.52 Acres
- Full Baths12
- Partial BathsN/A
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General Features
- Parking DetachedGuest ParkingParking LotPaved
- Number of Stories 2
- Zoning Business/Commercial, Residential-Multi-Family
- Property Sub Type Apartment
- Garage Spaces 6
- Contingency None
- Sewer City Sewer/ Connected
- Water City Water/ Connected
Interior Features
- Cooling Wall Unit(s)
- Heating Baseboard
Exterior Features
- Roof FlatRubberAge Over 8 Years
- Construction Details Brick/ Stone
Community Features
- Association Amenities Coin-op Laundry Owned