4011 4th Street

Lake Park, MN 56554

$899,000
Price
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Beds
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per Sq. Ft.

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 Jurisdiction
Business/Commercial,Residential-Multi-Family

Location

Listing Courtesy of The Real Estate Company of Detroit Lakes
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LISTING UPDATED: 04/29/2024 11:40 AM

Property Details for 4011 4th Street

StatusActive
MLS #6467604
Days on Compass161
Taxes$6,302 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeApartment
MLS TypeCommercial Sale / Apartment
Year Built1968
Lot Size0.52 AC / 22,651 SF
CountyBecker County

Location

Listing Courtesy of The Real Estate Company of Detroit Lakes
Add your commute

Virtual Tour

Building Information for 4011 4th Street

Stories-Residences12Year Built1968Lot Size0.52 AC / 22,651 SF

Payment Calculator

$5,431 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,906

Property Taxes

$525

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4011 4th Street

Summary
Location and General Information
  • City Name: Lake Park
  • County Or Parish: Becker
  • County: Becker-MN
  • Directions: From Hwy 10 in Lake Park, Drive North on Second St and Turn Left on Hawley St. Drive 2 Blocks to apartment building on left.
  • Latitude: 46.8898444009
  • Longitude: -96.097482131
  • Map Coordinate: 999-A1
  • Map Coordinate Source: King's Street Atlas
  • City and Location: Lake Park
  • City and Location Text: Lake Park(MN)
  • Postal Code: 56554
  • State Or Province: MN
Taxes and HOA Information
  • Additional Parcels: No
  • Parcel Number: 510097000
  • Tax Annual Amount: $6,302.00
  • Tax Legal Description: CANFIELDS 1ST ADDN LPC BLOCK 022 LOTS 10, 11 & 12
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2023
  • Tax With Assessments: 6302.0000
School Information
  • High School District: 2889 - Lake Park-Audubon Schools
  • School District Number: 2889
  • School District Phone: 218-238-5914
Property
Lot Information
  • Current Use: Residential
  • Lot Size Area: 0.52
  • Lot Size Dimensions: 150x150
  • Lot Size Units: Acres
  • Property Sub Type: Apartment
  • Property Type: Commercial Sale
  • Building Area Total: 11928.0
Property and Assessments
  • Age Of Property: 56
Utilities
  • Sewer: City Sewer/Connected
  • Utilities: Electric Separate, Hot Water Common
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Association Amenities: Coin-op Laundry Owned
  • Foundation Area: 3976.0
  • Fuel: Electric,Natural Gas
  • Roof: Age Over 8 Years, Flat, Rubber
Interior Features
  • Cooling: Wall Unit(s)
  • Garage Dimensions: 22x63
  • Garage Square Feet: 1386
  • Heating: Baseboard
  • Levels: Two
  • Shared Rooms: Other
  • Basement YN: No
Multi Family
Unit 1
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Rooms Total: 6
  • Unit SqFt: 874
  • Unit Type Actual Rent: $750.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Is Leased: 1
  • Unit Level: BEGND
  • Unit Number: 101
Unit 2
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Rooms Total: 6
  • Unit SqFt: 874
  • Unit Type Actual Rent: $850.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Is Leased: 0
  • Unit Level: MAIN
  • Unit Number: 204
Unit 3
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Rooms Total: 6
  • Unit SqFt: 874
  • Unit Type Actual Rent: $700.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Is Leased: 1
  • Unit Level: SECND
  • Unit Number: 301
Unit 4
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Rooms Total: 6
  • Unit SqFt: 874
  • Unit Type Actual Rent: $700.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Is Leased: 1
  • Unit Level: SECND
  • Unit Number: 302
Unit 5
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Rooms Total: 6
  • Unit SqFt: 874
  • Unit Type Actual Rent: $850.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Is Leased: 0
  • Unit Level: SECND
  • Unit Number: 303
Unit 6
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Rooms Total: 6
  • Unit SqFt: 874
  • Unit Type Actual Rent: $850.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Is Leased: 1
  • Unit Level: SECND
  • Unit Number: 304
Unit 7
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Rooms Total: 6
  • Unit SqFt: 874
  • Unit Type Actual Rent: $750.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Is Leased: 1
  • Unit Level: BEGND
  • Unit Number: 102
Unit 8
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Rooms Total: 5
  • Unit SqFt: 742
  • Unit Type Actual Rent: $700.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Is Leased: 1
  • Unit Level: BEGND
  • Unit Number: 103
Unit 9
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Rooms Total: 6
  • Unit SqFt: 874
  • Unit Type Actual Rent: $850.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Is Leased: 1
  • Unit Level: BEGND
  • Unit Number: 104
Unit 10
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Rooms Total: 6
  • Unit SqFt: 874
  • Unit Type Actual Rent: $750.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Is Leased: 1
  • Unit Level: MAIN
  • Unit Number: 201
Unit 11
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Rooms Total: 6
  • Unit SqFt: 874
  • Unit Type Actual Rent: $700.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Is Leased: 1
  • Unit Level: MAIN
  • Unit Number: 202
Unit 12
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Rooms Total: 6
  • Unit SqFt: 874
  • Unit Type Actual Rent: $750.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Is Leased: 1
  • Unit Level: MAIN
  • Unit Number: 203

Property History for 4011 4th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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
Public - PK to 6
Public - 7 to 12
Rating
School
Distance
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.

Similar Homes

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Similar Sold Homes

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4011 4th Street is for sale in Lake Park, MN 56554. This property was listed for sale on December 14, 2023 by The Real Estate Company of Detroit Lakes, it's currently listed at $899,000. This listing's school district is Lake Park Audubon School District. Nearby schools include Lake Park Audubon Elementary School and Lake Park Audubon Secondary. 4011 4th Street is a 0-bed, 0-bath, built in 1968.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Real Estate Company of Detroit Lakes

Based on information from one of the following Multiple Listing Services: Minneapolis Northstar, REALTORS Association of Northeast Wisconsin and Lake Superior Area REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Minneapolis Northstar and REALTORS Association of Northeast Wisconsin is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Data last updated on 04/29/2024 11:40 AM