512 Balsam Avenue, Frazee, MN 56544

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512 Balsam Avenue Frazee, MN 56544 - Albertson

For Sale MLS# 6491367

1,800 sq ft Commercial



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Data current as of 16/07/2024 02:38:19

Details for 512 Balsam Avenue

MLS# 6491367

Description for 512 Balsam Avenue, Frazee, MN, 56544 - Albertson

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!

Listing Information

Property Type: Commercial, Business Opportunity,Resort,Other

Status: Active

Lot Size: 10.41 Acres

Square Feet: 1,800 sq ft

Year Built: 1998

Foundation: 900 sq ft

Garage: Yes

Number Of Units Total: 31

Current Use: Commercial,Residential

County: Becker

Days On Market: 146

Construction Status: Previously Owned

School Information

District: 23 - Frazee-Vergas


Water: City Water/Connected

Sewer: City Sewer/Connected

Other Utilities: Electric Separate,Heating Separate,Hot Water Separate

Heating: Forced Air, Electric, Natural Gas

Exterior / Lot Features

Garage Spaces: 2

Open Parking: 31

Parking Description: More Parking Onsite for Fee, RV Access/Parking, Garage Dimensions - 30x30, Garage Sq Ft - 900.0

Exterior: Steel Siding

Lot View: Lake

Lot Dimensions: Irregular

Zoning: Business/Commercial

Additional Exterior/Lot Features: Irregular Lot, Tree Coverage - Light, Accessible Shoreline, Underground Utilities, Land Inclusions - Building,Business Assets,Land,Leases,Other

Waterfront Details

Standard Water Body: Albertson

DNR Lake ID: 03026600

Water Front Features: Lake Front

Water Frontage Length: 580 Ft.

Lake Acres: 73

Driving Directions

CR 10 to South River/ E Main, turn east on Balsam Ave to Albertson Lake MHC on right.

Financial Considerations

Tenant Pays: Broadband,Cable T.V.,Electric,Heat,Insurance,Sewer,Trash,Water/Sewer

Owner Pays: Insurance,Snow,Taxes

Gross Income: 172500

Expense: 24338.64

Tax/Property ID: 500005001

Tax Amount: 9202

Tax Year: 2023

HomeStead Description: Non-Homesteaded

Price Changes

$1,650,000 Original Price
$1,650,000 Current Price
$0 Total Change
Date Price Change
02/20/2024 10.05 PM $1,650,000
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Sales History

Date Price Change
Currently not available.

Tax Summary

Tax Year Estimated Market Value Total Tax
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Schools nearby 512 Balsam Avenue

Schools in attendance boundaries Grades Distance Rating

Schools nearby Grades Distance Rating

Data powered by ATTOM Data Solutions. Copyright© 2024. Information deemed reliable but not guaranteed.

The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.

SchoolDigger ® Rating

The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.

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