4011 4TH ST
LAKE PARK, MN 56554

$899,000

0 Beds

0 Baths

11,928 Sq Ft

Status Active

MLS# 6467604

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.

Details for 4011 4TH ST

$75 / Sq Ft

6 parking spaces

Baseboard

169 Days on website

0.52 acres lot

Interior

Living Area

11,928 SqFt.

HOA Features

Association Amenities

Coin-op Laundry Owned

Building And Construction

Accessibility Features

None

Number Of Units Total

Property Sub Type

Multi Family

Property Type

Residential Income

Year Built

1968

Exterior And Lot

Garage Spaces

Lot Size Acres

0.52

Lot Size Square Feet

22651

Lot Size Units

Acres

Parking Features

Detached, Guest Parking, Parking Lot, Paved

Parking Total

Utilities

Cooling

["Wall Unit(s)"]

Heating

Baseboard

Area And Schools

City

Lake Park

County Or Parish

Becker

School District

Lake Park-Audubon Schools

Subdivision Name

Canfields 1st Add

Financial Info

Buyer Agency Compensation^*

2.25%

^*The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Tax Annual Amount

$6,302

Tax Year

2023