Search Results


$399,900
205 Pleasant Avenue S
Park Rapids, MN 56470
MLS# 5717416



205 Pleasant Avenue S, Park Rapids, MN 56470
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Property Description
Extremely rare 'For Sale' apartment complex located in Park Rapids. This property features 6 units on the second level and 5 units on the lower level. The main level is currently vacant but was formerly utilized as a dental practice. It can continue to operate in a commercial capacity or be converted in to additional apartments. The owners are nearing completion of the administrative process for this expanded residential approval which could add (4) large income producing units. Natural gas heat, coin operated laundry, 24x40 shop, long term tenancy, onsite manager and so much more is included. Ideal for the passive investor. Great location within walking distance to everything downtown has to offer.

Details
Maps
None
Allow Auto Valuation: Yes
Allow Consumer Comment: Yes
MLSID: RMLS
Contract Information
Availability: Available
Status: Active
Current Price: $399,900
Original List Price: 399900
Contingency: None
ListPrice: 399900
List Date: 2021-02-26
Owner is an Agent?: No
Auction?: No
Office/Member Info
Association: GLAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1933
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family,Business/Commercial
Foundation Size: 2868
Garage Stalls: 3
For Sale or Lease: For Sale
Acres: 0.23
Lot Dimensions: 75x140
Assessment Pending: No
Location, Tax and Other Information
Legal Description: .23 AC PRC ORIGINAL TOWNSITE S1/2 LOT 2 & LOT 3 BLK 5 EX PT OF LOT 3 FR SW COR PB E139.94 TO SE COR N4.21 W139.94 S3.72 TO PB
Map Page: 999
Rental License?: Yes
School District Phone: 218-237-6500
Map Coordinate Source: King's Street Atlas
House Number: 205
Street Name: Pleasant
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Park Rapids
County: Hubbard
State: MN
Zip Code: 56470
Zip Plus 4: 5360
Property ID Number: 323703400
Tax Year: 2021
Tax Amount: 8356
In Foreclosure?: No
Potential Short Sale?: No
Assessment Balance: 2990
Lender Owned?: No
Tax With Assessments: 11346
Directions & Remarks
Public Remarks: Extremely rare 'For Sale' apartment complex located in Park Rapids. This property features 6 units on the second level and 5 units on the lower level. The main level is currently vacant but was formerly utilized as a dental practice. It can continue to operate in a commercial capacity or be converted in to additional apartments. The owners are nearing completion of the administrative process for this expanded residential approval which could add (4) large income producing units. Natural gas heat, coin operated laundry, 24x40 shop, long term tenancy, onsite manager and so much more is included. Ideal for the passive investor. Great location within walking distance to everything downtown has to offer.
Directions: From Hwy 34 @ 71: Go west on Hwy 34 (2) blocks to Pleasant Ave and take a left. Proceed a short distance to complex on right.
Building Information
Building Finished SqFt: 8496
Building SqFt: 8496
Green Verification
Green Certification: No
Lock Box Type
Lock Box Source: GLAR
Miscellaneous Information
FIPS Code: 27057
Homestead Desc: Other
Parking Characteristics
Garage Dimensions: 24x40
Garage Square Feet: 960
Public Survey Info
Range#: 35
Section#: 26
Township#: 140
Structure Information
Sale Includes: Building,Leases
Unit 1
No. of 1 Bedroom Units: 11
Unit Details
Total Units: 12
Property Features
Accessible: Wheelchair Ramp
Air Conditioning: Ductless Mini-Split; Window
Amenities Shared: Coin-op Laundry Owned
CMU Style: Apartment
Construction Status: Previously Owned
Current Use: Other; Residential
Exterior: Brick/Stone; Other
Fuel: Natural Gas
Heating: Baseboard; Hot Water
Loan Terms: Cash; Conventional; Other
Lock Box Type: SentriLock
No. of Ranges: One Per Unit
No. of Refrigerators: One; One Per Unit
On Site Utilities: Electric Separate; Heating Common; Hot Water Common
Owners Expense: Fuel; Insurance; Lawn; Maintenance/Repair; Snow Removal; Taxes; Trash Collection
Parking Characteristics: Detached Garage; On-Street Parking Only; Uncovered/Open
Rental License Type: Other
Road Frontage: City Street
Roof: Metal; Other
Sewer: City Sewer/Connected
Tenant Expenses: Cable T.V.; Electricity
Water: City Water/Connected

Listing Office: Affinity Real Estate Inc.

Last Updated: April - 01 - 2021

205 Pleasant Avenue S, Park Rapids, MN 56470 - MLS# 5717416

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2020 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

Sunday 18th of April 2021 07:44 AM

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