About 4011 4th St
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.
Features of 4011 4th St
MLS® # | 6467604 |
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Price | $899,000 |
Bathrooms | 0.00 |
Acres | 0.52 |
Year Built | 1968 |
Type | Commercial Sale |
Sub-Type | Apartment |
Style | Apartment |
Status | Active |
Community Information
Address | 4011 4th St |
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Subdivision | Canfields 1st Add |
City | Lake Park |
County | Becker |
State | MN |
Zip Code | 56554 |
Amenities
Amenities | Coin-op Laundry Owned |
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# of Garages | 6 |
Garages | Detached, Guest Parking, Parking Lot, Paved |
Is Waterfront | No |
Has Pool | No |
Interior
Heating | Baseboard |
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Cooling | Wall Unit(s) |
Fireplace | No |
Exterior
Roof | Age Over 8 Years, Flat, Rubber |
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Construction | Brick/Stone |
School Information
District | Lake Park-Audubon Schools |
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Additional Information
Days on Market | 133 |
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Zoning | Business/Commercial,Residential-Multi-Family |
Foreclosure | No |
Short Sale | No |
Listing Details
Office | The Real Estate Company of Detroit Lakes |
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