About 512 Balsam Avenue
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!
Features of 512 Balsam Avenue
| MLS® # | 6491367 |
|---|---|
| Price | $1,650,000 |
| Bathrooms | 0.00 |
| Acres | 10.41 |
| Year Built | 1998 |
| Type | Commercial Sale |
| Sub-Type | Business,Other,Resort |
| Style | Business,Other,Resort |
| Status | Active |
Community Information
| Address | 512 Balsam Avenue |
|---|---|
| City | Frazee |
| County | Becker |
| State | MN |
| Zip Code | 56544 |
Amenities
| # of Garages | 2 |
|---|---|
| Garages | More Parking Onsite for Fee, RV Access/Parking |
| View | Lake |
| Is Waterfront | Yes |
| Waterfront | Lake Front |
| Has Pool | No |
Interior
| Heating | Forced Air |
|---|---|
| Fireplace | No |
Exterior
| Lot Description | Accessible Shoreline, Irregular Lot, Tree Coverage - Light, Underground Utilities |
|---|---|
| Construction | Steel Siding |
School Information
| District | Frazee-Vergas |
|---|
Additional Information
| Days on Market | 84 |
|---|---|
| Zoning | Business/Commercial |
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Office | The Real Estate Company of Detroit Lakes |
|---|