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804 Central Street E Detroit Lakes, MN $ 639,900
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$ 639,900 Get more info
804 Central Street E
$ 639,900
Back to search
Share Save

804 Central Street E

Detroit Lakes, MN, 56501
$ 639,900
Baths0.0 Sq 11,424

Monthly Estimate*

$ 4,470

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Studio

Commercial Property for sale in Detroit Lakes, MN

for $639,900. This 11,424 square foot building was built in 1969 on a lot size of 0.74.

GREAT INVESTMENT OPPORTUNITY!! This professionally managed 12-unit apartment complex comes with a great rental history and is located close to amenities in Detroit Lakes. Featuring 11 two-bedroom units and 1 one-bedroom unit, each equipped with kitchen appliances and full bathrooms. The complex is complete with coin operated laundry, separate electric meters and a paved parking lot. Don't miss out on this fantastic opportunity to enhance your investment portfolio with a multi-family building in a great location!

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Commercial Active

Price

$ 639,900

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 6,007

Style

Apartment

Lot Size

0.74

Year Built

1969

Town/City

Detroit Lakes

County/Region

Becker

MLS | Web ID

6491874
Features
General
Sewer City Sewer/Connected
Heating Boiler
Cooling None
Utilities Electric Separate
Roof Rubber
Appliances Range Refrigerator
Garage Spaces 0
Construction Materials Brick/Stone Vinyl Siding
Year Built 1969
Tenant Pays Electricity
Levels Three Or More
Property SubType Apartment
Tax Year 2023
Current Use Residential
Gross Income 86258
Accessibility None
County Becker
Net Operating Income 39441
Operating Expense 46817
Insurance Expense 4313
Property Type Commercial Sale
Association Amenities Coin-op Laundry Owned
Contingency None
Subdivision Name Mt View 2nd Add
Directions In Detroit Lakes travel north on Roosevelt Ave turn east on Central Street East follow to 804
City Detroit Lakes
Buyer Agent Compensation 2.50
High School District Detroit Lakes
Zoning Description Business/Commercial
Total Units 12
Street Name Central
Land Lease Y/N N
Tax Annual Amount 6007
Electric Expense 0
Fuel Expense 17404
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Days on Market 73
Standard Status Active
Lender Owned No
Buyer Agent Compensation Type %
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Interior
Basement Finished Full
Basement (Y/N) Y
Street Suffix Street
Fuel Natural Gas
Garage Square Feet 0
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Exterior
Parking Features Asphalt Parking Lot Paved
Water Source City Water/Connected
Inclusions Building
Lot Size Area 0.74
Building Area Total 11424
Lot Dimensions 180x180
Lot Size Units Acres
Foundation Area 2856
Road Frontage Type City Street
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 804
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* Excluded Features
List By
Keller Williams Realty Professionals

Broker

ryanhansonhomes@gmail.com

Email

Affordability Calculator

$4,970
Per Month
90%
10%
0%
Monthly Principal & Interest
$4,470
Monthly Property Taxes
$501
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
3048734 Elementary School
3048414 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/13/2024$639,900 -8.45% Price Down
3/1/2024$699,000 Listed Price

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804 Central Street E, Detroit Lakes, MN, 56501 is a Commercial Property for sale at $639,900 with 11,424 sqft and a lot size of 0.74. 804 Central Street E is a studio with 0.0 baths and was built in 1969. The property's zip code is 56501 which is in Detroit Lakes, MN

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