512 Balsam Avenue, Frazee, MN 56544
List Price: 1,650,000
MLS#: 6491367
Property Details
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!
Features
|
Style
|
Business,Other,Resort
|
|
Type
|
Commercial Sale
|
|
Zoning
|
Business/Commercial
|
|
Year Built
|
1998
|
|
School District
|
Frazee-Vergas
|
|
County
|
Becker
|
|
Lot Size
|
Irregular
|
|
Acreage
|
10.41 acres
|
|
Garage
|
2 Car 30x30
|
|
Above Grd
|
0 sq ft
|
|
Below Grd
|
0 sq ft
|
|
Tax $ / Year
|
$9,202 / 2023
|
Additional Features
|
Driveway
|
|
|
Exterior Features
|
Steel Siding
|
|
Foundation
|
900.00
|
|
Fuel Source
|
Electric, Natural Gas
|
|
Handicap Access
|
None
|
|
Heating
|
Forced Air
|
|
| View All |
|
|
Water Service
|
City Water/Connected
|
|
Water Heater
|
|
|
Parking Lot
|
More Parking Onsite for Fee, RV Access/Parking
|
|
Exterior Construction
|
|
|
Utilities
|
Electric Separate, Heating Separate, Hot Water Separate
|
|
Laundry
|
N
|
X
|
Driveway
|
|
|
Exterior Features
|
Steel Siding
|
|
Foundation
|
900.00
|
|
Fuel Source
|
Electric, Natural Gas
|
|
Handicap Access
|
None
|
|
Heating
|
Forced Air
|
|
Sewer Service
|
City Sewer/Connected
|
|
Water Service
|
City Water/Connected
|
|
Water Heater
|
|
|
Parking Lot
|
More Parking Onsite for Fee, RV Access/Parking
|
|
Exterior Construction
|
|
|
Utilities
|
Electric Separate, Heating Separate, Hot Water Separate
|
|
Laundry
|
N
|
Water Front
Waterfront Type | Lake Front |
Waterfront Elevation | - |
Waterfront Slope | - |
Waterfront Clarity | - |
Includes
Building, Business Assets, Land, Leases, Other
Listing Agency
The Real Estate Company of Detroit Lakes
