4011 4th St Active Save Request In-Person Tour Request Virtual Tour
Lake Park,MN 56554
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
Lot Size 0.520 Acres
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
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
Building
Story Two
Foundation 3976
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Brick/Stone
Schools
School District Lake Park-Audubon Schools