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$180,000   Price Analysis
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309 Park St
Detroit Lakes, MN 56501
5 bed 3 bath 1,660 SqFt ($108/SqFt)
0.24 acre lot. Built 1910
Listed 2024-05-03, Taxes $1,768
USDA Eligible
near Detroit Lakes, MN
 

This triplex

* No Longer For Sale *
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Centrally situated in Detroit Lakes, offers a nice housing option. The main level comprises a 1-bedroom, 1-bathroom unit, while the second level features a 2-bedroom, 1-bathroom apartment. The uppermost level also offers a 1-bedroom, 1-bathroom space.

Laundry facilities are conveniently located in the basement, accessible for all tenants. Additionally, three parking spaces with electric and a storage garage are available at the rear of the property. Close proximity to shopping, parks and schools makes it convenient for both investors and tenants. Check ths one out today!


Presented by Jim Keeley at
HomeSmart Adventure Realty.
Listing Agent Photo

Property MLS #6529338 from NorthstarMLS

Bedrooms: 5

Basement Features: Concrete Block

Full Bathrooms: 3

Heating Features: Baseboard
Heating Fuel: Electric

Vinyl
Road Frontage Type: City
Road Responsibility: Public Maintained Road

Land Lease Amount Frequency: No
Lot Size Acres: 0.24
Lot Size Dimensions: 150x75
Topography: Level
Lot Size Square Feet: 10454

Parking Features: Guest Parking, Parking Lot

Association: No
Association Amenities: Common Garden
Calculated Total Monthly Association Fees: 0
Maintenance Expense: 1200.00

Gross Income: 23100.00

Number of Units: 3

School District: 22 - Detroit Lakes

Detroit Lakes Senior High School is a public high school located approximately 0.5 miles away.
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Holy Rosary is a private elementary and middle school located approximately 0.3 miles away.
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Drake Residential Treatment Center is a public middle and high school located approximately 0.3 miles away.
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Detroit Lakes Middle School is a public elementary and middle school located approximately 0.6 miles away.
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Annual Tax Amount: 2028.00
Source Listing Status: Closed
County: Becker
Directions: From McKinley, turn on to park street, large white home on the south side of the street.
Tax Year: 2023
Source Property Type: Multi-Family
Insurance Expense: 1620.00
Source Neighborhood: Holmes 4th Add
Parcel Number: 491393000
Subdivision: Holmes 4th Add
Trash Expense: 600.00
Zoning: Residential-Multi-Family
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$94,900 + $29,300
$124,200
$1,768
2021$72,900 + $29,300
$102,200
$1,466
2020$72,900 + $29,300
$102,200
$1,476
2019$70,800 + $29,300
$100,100
$1,498
2018$68,000 + $28,800
$96,800
$1,292
2017$64,500 + $28,800
$93,300
$1,314
2016$61,200 + $28,800
$90,000
$1,216
2015$56,400 + $28,800
$85,200
$1,164
2014$54,000 + $28,800
$82,800
$1,112
2012$58,500 + $29,300
$87,800
$1,158
2011$62,400 + $29,300
$91,700
$1,130
2009$63,200 + $31,700
$94,900
$944
2007$55,416 + $28,922
$84,338
$919

Sold 2024-07-03
$165,000
NorthstarMLS
Listed 2024-05-03
$180,000
NorthstarMLS
Listing removed 2024-01-10
$0
NorthstarMLS
Price Changed 2023-10-17
$188,000
NorthstarMLS
Listed 2023-07-08
$190,000
NorthstarMLS
Sold 2019-11-18
$112,000
Public Record
Listing removed 2019-09-27
$0
DetroitLakes
Listing removed 2019-09-27
$0
Fargo
Listed 2019-09-12
$112,000
Fargo
Listed 2019-09-12
$112,000
DetroitLakes
Listing removed 2019-09-08
$0
DetroitLakes
Price Changed 2019-08-20
$114,500
DetroitLakes
Price Changed 2019-06-24
$119,000
DetroitLakes
Price Changed 2019-06-13
$127,000
DetroitLakes
Relisted 2019-03-13
$134,000
DetroitLakes
Listing removed 2019-03-08
$0
DetroitLakes
Listing removed 2019-03-07
$139,000
LakeRegionMN
Listing removed 2019-01-18
$139,000
DetroitLakes
Listed 2018-10-05
$139,000
DetroitLakes
Listed 2018-09-14
$139,000
LakeRegionMN
Sold 2005-09-30
$109,000
Public Record
Sold 2002-08-23
$53,500
Public Record

Net Operating Income: 14380.00
Operating Expense: 5300.00

Total Square Feet Living: 1660
Above Grade Finished Area: 1660
Foundation Area: 760.00
Property Age: 114
Property Condition: Previously Owned
Roof: Asphalt Shingles
Levels or Stories: 2
Total Above Grade Sqft Area: 1660.00
Total Area Main: 720.00
Total Below Grade Area: 720.00

Electric: 200+ Amp Service
Sewer: City Sewer/Connected
Water Sewer Expense: 3120.00
Water Source: City Water/Connected

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.