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315 Lake AVE Park Rapids, MN 56470
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Nicole Biczkowski
nicolebiczkowskibroker@chime.meOur team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $212,500
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Todds Add
MLS Listing ID 6459680
Sold Date 02/13/24
Year Built 1900
Annual Tax Amount $1,709
Tax Year 2023
Contingent None
Lot Size 0.350 Acres
Acres 0.35
Lot Dimensions 110 x 140
Property Description
Welcome to Lake Avenue Apartments. A rare 6 plex offering with 4 studio units and two 1 bedroom units. Awesome rental history and at full capacity. Property is currently managed, making it ideal for the passive investor. The rental market is HOT with no change in sight. If you are looking for diversification into a tangible with positive cash flow then look no further. Sits on a corner lot just a stone’s throw from the Park Rapids schools and walking distance to everything else downtown has to offer. Financials, appraisal (2023) and inspection (2023) are available with a signed NDA.
Location
State MN
County Hubbard
Zoning Residential-Single Family
Rooms
Basement Other, Unfinished
Interior
Heating Baseboard, Boiler, Hot Water
Fireplace No
Exterior
Garage Other
Utilities Available Electric Common, Heating Common, Hot Water Common
Roof Type Architecural Shingle
Present Use Residential
Parking Type Other
Building
Lot Description Corner Lot
Story Two
Foundation 1700
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Stucco
Schools
School District Park Rapids
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Nicole Biczkowski