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1311 Summit Avenue, Detroit Lakes, MN 56501

New - 25 Hours Ago

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Listed By

Agency Name: The Real Estate Company of Detroit Lakes
Agency Phone: 218-844-8008

Shown By

Agency Title: Counselor Realty
Agency Phone:

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Property Description

This one-of-a-kind 4-plex is perfectly situated within the 1st block of the Detroit Lake City Beach and The Heartland State Trail, directly across the street from People's Park and just up the street from Zorbaz, not to mention Kent Freeman Arena, The Becker County Fairgrounds, MN Flyers Gymnastics, and more ? offering unbeatable convenience and appeal for tenants. Extensive renovations have been completed on multiple units in recent years, featuring modern appliances, updated flooring, kitchen remodels, bathroom updates, new lighting, and thoughtful insulation improvements. The property continues to benefit from strong rental performance and has established itself as a reliable source of income. The 5-bed/3-bath unit is fully furnished and turnkey for immediate occupancy. The 2-bed unit will be vacant and available at the end of the month. Whether you're an investor looking for steady cash flow or someone seeking to live in a unique multi-family property with strong upside and increasing value in a high-demand area for future development, this is truly a standout opportunity.

1311 Summit Avenue | MLS# 7082979

This multi-family property located at 1311 Summit Avenue, Detroit Lakes, MN 56501 is currently listed for sale with an asking price of $950,000. Summit Avenue is located within the Detroit Lakes school district. Search Detroit Lakes real estate on www.counselorrealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Partial, Partially Finished
Basement: Yes
Garage: 2
Heating: Baseboard, Forced Air, Fireplace(s)
Lot Size: 0.43 Acres
Roof Type: Asphalt
Taxes: $8,584
Year Built: 1949

Feature Descriptions

Days on Site: 1
Exterior: Frame
Foundation Size: 3048
Lot: Tree Coverage - Medium
Lot Dimensions: 150x125
Owners Expense: Exterior Maintenance, Grounds Care, Insurance, Repairs, Roof Maintenance, Snow Removal, Taxes, Trash Collection, Water
Parcel#: 491535000
Parking: Detached Garage, Concrete
Road Frontage: City Street, Curbs, Sidewalks, Storm Sewer
Sewer: City Sewer/Connected
Units: 4
Water: City Water/Connected

Local Schools

School District: Detroit Lakes

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Estimated Payment

$ 6,048.72 per month $5,056.30 Principal & Interest $715.33 Property Tax $277.08 Homeowner's Insurance

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