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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, park s and schools maks it convenient for both investors and tenants. Check this 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.