512 Balsam Avenue Frazee, MN 56544
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!
- Property TypeCommercial
- NeighborhoodN/A
- CountyBecker
- Taxes$9,202
- HOA/Condo/Coop Fees$0
- Days on Site47 Days
- MLS StatusActive
- MLS ID Number6491367
- Home Size Source N/A
- Year Built1998
- Lot Size10.41 Acres
- Full BathsN/A
- Partial BathsN/A
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Learn MoreRecent Activity For 512 Balsam Avenue Frazee, MN 56544
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General Features
- Construction Steel Siding
- Parking More Parking Onsite for FeeR V Access/ Parking
- Zoning Business/Commercial
- Property Sub Type Business
- Garage Spaces 2
- Contingency None
- Sewer City Sewer/ Connected
- Water City Water/ Connected
- Lot Features Accessible ShorelineIrregular LotTree Coverage - LightUnderground Utilities
Interior Features
- Heating Forced Air
Exterior Features
- View Lake
- Waterfront Property Yes
- Waterfront Features Lake Front
- Lot Accessible ShorelineIrregular LotTree Coverage - LightUnderground Utilities
- Waterfront true
- Construction Details Steel Siding