512 Balsam AVE Active Save Request In-Person Tour Request Virtual Tour
Frazee,MN 56544
Key Details
Property Type Commercial
Sub Type Business,Other,Resort
Listing Status Active
Purchase Type For Sale
MLS Listing ID 6491367
Year Built 1998
Annual Tax Amount $9,202
Tax Year 2023
Contingent None
Lot Size 10.410 Acres
Acres 10.41
Lot Dimensions Irregular
Property Description
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!
Location
State MN
County Becker
Zoning Business/Commercial
Body of Water Albertson
Interior
Heating Forced Air
Inclusions Building,Business Assets,Land,Leases,Other
Fireplace No
Exterior
Garage More Parking Onsite for Fee,RV Access/Parking
Garage Spaces 2.0
Utilities Available Electric Separate,Heating Separate,Hot Water Separate
Waterfront Description Lake Front
View Y/N Lake
View Lake
Present Use Commercial,Residential
Building
Lot Description Accessible Shoreline,Irregular Lot,Tree Coverage - Light,Underground Utilities
Foundation 900
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Steel Siding
Schools
School District Frazee-Vergas