4011 4th Street
4011 4th Street
$899,000
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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 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....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 Details for 4011 4th Street
Subdivision Name
Canfields 1st Add
Zoning JurisdictionBusiness/Commercial,Residential-Multi-Family
Location
LISTING UPDATED: 04/29/2024 11:40 AM
Property Details for 4011 4th Street
Status | Active |
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MLS # | 6467604 |
Days on Compass | 161 |
Taxes | $6,302 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Apartment |
MLS Type | Commercial Sale / Apartment |
Year Built | 1968 |
Lot Size | 0.52 AC / 22,651 SF |
County | Becker County |
Location
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Building Information for 4011 4th Street
Stories-Residences12Year Built1968Lot Size0.52 AC / 22,651 SF
Payment Calculator
$5,431 per month
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Property Information for 4011 4th Street
Property History for 4011 4th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 4011 4th Street
This home is within Lake Park Audubon School District.
Rating | School | Type | Grades | Distance |
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Public - | PK to 6 | |||
Public - | 7 to 12 |
Rating | School | Distance |
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Lake Park Audubon Elementary School PublicPK to 6 | ||
Lake Park Audubon Secondary Public7 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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