Date
Details
Price
Change
Source
2/20/2024
Listed
$1,650,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/8
$1,650,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/8
Property Description
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!
Full Property Details
Full Property Details for 512 Balsam Ave
General
- Price: $1,650,000
- Taxes: $9,202 (2023)
- Status: Active
- Type: Commercial
- Source: NorthStarMLS_RMLS
- MLS ID: 6491367
- Updated: 8/15/2024
- Added to Site: 318 day(s) ago
Parking
- Garage: Yes
- Garage Description: 30 x 30
- Garage Spaces: 2
- Parking Features: More Parking Onsite for Fee, RV Access/Parking
Location
- County: Becker
- Driving Directions: CR 10 to South River/ E Main, turn east on Balsam Ave to Albertson Lake MHC on right.
School Information
- School District: 23 - Frazee-Vergas
- High School District: Frazee-Vergas
Heating & Cooling
- Heating Type: Forced Air
- Heating Fuel: Electric, Natural Gas
Utilities
- Sewer: City Sewer Connected
- Water: City Water (Connected)
- Utility Description: Electric Separate, Heating Separate, Hot Water Separate
Structural Information
- Exterior Const.: Steel Siding
- Foundation Size: 900
- Disability Access: None
- Square Feet: 1,800
- Finished Down/Base.: 1,800 Sq. Ft.
- Current Bldg. Use: Commercial, Residential
- Year Built: 1998
Lot Features
- Lot Size (Acres): 10.41
- Lot Dimensions: Irregular
- Potential Use: Investment, Manufactured Home
- Zoning: Business/Commercial
- Lot Description: Accessible Shoreline, Irregular Lot, Light Tree Coverage, Underground Utilities
Water Features
- Water Front: Yes
- Water Front Name: Albertson
- Water Front Desc.: Lakefront
- Water Front Feet: 580
- Water Front Num: 3026600
- Lake Front: Yes
- Lake Acres: 73
Financial Considerations
- Operating Expenses: $24,338.64
- Tax Amount: $9,202
- Tax Year: 2023
- Owner Pays: Gas, Insurance, Snow Removal, Taxes
- Tenant Pays: All Utilities, Cable TV, Electricity, Insurance, Sewer, Trash Collection, Water
- Pays Cable: Tenant Pays
- Pays Electric: Tenant Pays
- Pays Gas: Owner Pays
- Pays Trash: Tenant Pays
- Pays Water: Tenant Pays
Disclosures and Reports
- Legal Description: SECTION 35 TOWNSHIP 138 RANGE 040 UNPLATTED FRAZEE CTY PT GOVT LOT 3 BEG 680.28' W & 14.40' S OF NE COR LOT 3 TO CTR OF RD, TH W AL RD 556.97', S 703.20' TO WATERS EDGE, SELY AL SHORE 629' & N 871' TO POB
- Inclusions: Building, Business Assets, Land, Leases, Other
- Property ID: 500005001
Listed by The Real Estate Company of Detroit Lakes
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agent
— 512 Balsam Ave —
The Real Estate Company of Detroit Lakes
NMLS#: 1598647
Get Pre-Approved Today
Get a Great Insurance Rate
Schools
Schools serving 512 Balsam Ave
School District:Frazee-Vergas Public School District
| Rating | Name | Grades | Distance |
|---|---|---|---|
|
Hickory Avenue, Frazee, MN 56544 | K-6 | 0.8 mi | |
|
305 N Lake St, Frazee, MN 56544 | 7-12 | 0.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 512 Balsam Ave
Tax History
Tax History for 512 Balsam Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
100%
$14,300
411%
2023
100%
$2,800
-44%
2022
100%
$5,000
-29%
2021
100%
$7,000
100%
2020
100%
100%
2019
100%
-100%
2017
—
$4,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 512 Balsam Ave
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
- Lots/Land
- Active
- Updated 1 day ago
- 40Acres
Listed by RE/MAX Advantage Plus
- Lots/Land
- Active
- Updated 15 hours ago
- 40Acres
Listed by RE/MAX Advantage Plus
- Single Family
- Active
- Updated 19 hours ago
- 7Beds
- 6Total Baths
- 5,424Sq. Ft.
Listed by Lakes Area Realty, Inc.
- Lots/Land
- Active
- Updated 2 days ago
- 1Acres
Listed by Spilde Summer Realty
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
- Single Family
- Active
- Updated 12 hours ago
- 3Beds
- 2Total Baths
- 1,764Sq. Ft.
Listed by Re/Max Lakes Region
- Single Family
- Active
- Updated 3 days ago
- 4Beds
- 2Total Baths
- 2,144Sq. Ft.
Listed by Boll Realty
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
- Single Family
- Closed
- 4Beds
- 3Total Baths
- 3,280Sq. Ft.
Listed by Re/Max Lakes Region
Sold by Re/Max Lakes Region
Sold by Re/Max Lakes Region
512 Balsam Avenue, Frazee, MN 56544 (MLS# 6491367) is a Commercial property. 512 Balsam Avenue is currently listed for $1,650,000 and was received on February 20, 2024. Want to learn more about 512 Balsam Avenue? Do you have questions about finding other Commercial real estate for sale in Frazee? You can browse all Frazee real estate or contact a Coldwell Banker agent to request more information.