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For Sale:  Detroit Lakes MLS# 6728434






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Active
$649,000
/mo Edit
Multi-family:  Duplex Side by Side
Built 1963
1,248 sqft • 1.49 acres
Detroit Lakes schools
MLS# 6728434
763-576-8286
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    Property Description

    Imagine waking up to serene lake views and the promise of outdoor adventures. This West-End of Madsen Grove Resort building entails 2 units with a shared wall totaling 4 beds / 2 baths / 2 kitchens. Step outside to discover a world of recreation from the expansive lakeside paver patio. Whether you're an investor, avid angler, water sports enthusiast, or simply love to bask in the tranquility of lake views, this property offers it all. Each unit comes with a dedicated boat slip and 2 unassigned parking spaces. End each day with breathtaking sunsets over the water, or a boat ride to Sunlite bar & grill just across the lake. Unit 1: The larger of the two - Currently set up as a active vacation rental - providing immediate income - featuring 2 bedrooms, 1 bathroom with laundry closet and custom tile shower, eat-in kitchen, entrance with bench and storage, and a large living room. Unit 2: Owner occupied - smaller of the two units with high end finishes. Features 2 beds, 1 bath with custom tile shower, electric floor heat, quartz vanity, and custom stone backsplash. The gourmet kitchen is a chef's dream, boasting high-end stainless steel appliances, sleek cabinetry, and a stylish stone-faced / Cambria-quartz island with comfortable seating. Natural light floods the space through large windows, while the stone accent wall adds a touch of rustic charm. Units were completely renovated in 2016-2017 - Including but not limited to - New wiring, plumbing, insulated septic lines, electrical, spray foam insulation, led fixtures, custom cabinetry, quartz / laminate counters, energy star stainless appliances, speed queen washer/dryers, tile, carpet, and vinyl plank flooring. Steel roofing and siding in 2015. Shared holding tanks pumped by 3rd party through HOA.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $649,000
    Price per sq ft: $520
    Property Type: Multi-family
    City: Detroit Lakes
    Garage Spaces: 0
    County: Becker
    Year Built: 1963
    State: MN
    Property Style: Duplex Side by Side
    Zip Code: 56501
    Subdivision Name: Madsens Grove

    Interior

    Finished Area: 1,248 ft2
    Living Area: 1,248 ft2
    Ranges: Two
    Refrigerators: Two
    Basement Details: Concrete

    Exterior

    Stories: One
    Garage Spaces: 0
    Garage Dimensions: 0
    Garage Door Height: 0
    Garage Door Width: 0
    Foundation Size: 1,248 ft2
    Foundation Dimensions: Irregular
    Fencing: Chain Link
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System:
    • Baseboard
    • Ductless Mini-Split
    • Fireplace(s)
    • Heat Pump
    • Radiant Floor
    • Space Heater
    Parking Features:
    • Gravel
    • Parking Lot
    Shared Amenities:
    • Beach
    • Boat Slip
    • Dock
    Road Frontage: Township
    Exterior Material: Steel Siding
    Roof Details:
    • Metal
    • Pitched

    Rooms

    Shared Rooms: Other

    Lake & Waterfront

    Waterfront Present: Y
    Waterfront Name: Little Floyd
    Waterfront View: East, Lake, North, West
    DNR Lake ID#: 03038600
    WF Frontage: 351
    Elev Highpt to WF feet: 0-4
    Waterfront Slope: Level
    Lake Chain Name: N
    Lake Acres: 231
    Lake Depth: 30
    Waterfront: Lake Front
    Lake Bottom:
    • Excellent Sand
    • Sand

    Lot & Land

    Acres: 1.49
    Geolocation: 46.8694783675, -95.8334246957
    Lot Dimensions: Irregular
    Addl Parcels: 081114001
    Zoning: Business/Commercial
    Lot Description: Many Trees

    Farm

    Topography: Level

    Schools

    School District: 22
    District Phone: 218-847-9271

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Gross Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: Janitorial Service

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $8,902
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $8,902

    Income

    Annual Gross Income: $19,000

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Electric
    Owner Occupied: Yes
    Sewer System:
    • Holding Tank
    • Shared Septic
    Water System:
    • Sand Point
    • Shared System
    • Well

    Mortgage Calculator

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    Payment:  /mo

    Listing provided by RMLS, courtesy of The Real Estate Company of Detroit Lakes.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.