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Property Details

512 Balsam Avenue
Frazee, MN 56544

Price: $1,650,000

Listing # 6491367


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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!

Basic 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
Lot Description Accessible Shoreline,Irregular Lot,Tree Coverage - Light,Underground Utilities
Number of Units 31
Lake Name Albertson
Water Frontage 580 ft
Tax $ / Year $9,202 / 2023
Tax ID
Legal Description

Includes:

Building,Business Assets,Land,Leases,Other

Additional Features
Government Programs
Section 35
Terrain Type
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

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