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    OFF-MARKET
    Commercial real estate

    23688 Frst Rd, Deerwood, MN 56444

    1,440 SF 0.17 ac lot Built 1981
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US46-0730354
    Property summary
    AI-generated overview

    This exceptional investment opportunity in Deerwood, MN, presents a 16-unit efficiency complex ideally situated near the renowned Cuyuna Trails. Boasting 7,380 square feet on a 0.17-acre lot, this property is fully renovated and ready for immediate income generation. Recent upgrades include complete plumbing and siding replacements, the addition of modern efficiency units, flat-screen TVs in each unit, and a comprehensive electrical system overhaul. The self-check-in system streamlines operations and enhances tenant convenience. Beyond the 16 efficient rental units, the property includes a spacious three-bedroom, two-bathroom living area. This versatile space can serve as additional rental income or provide comfortable onsite management accommodations. This turnkey operation is perfect for business owners seeking a profitable venture in a desirable lakeside location or for investors looking for a strong return on investment in a thriving tourist area. The property's prime location near the Cuyuna Trails ensures high occupancy rates and consistent rental income. Priced at $1,095,000, this property offers a rare chance to acquire a well-maintained, high-yield investment in a picturesque setting. The combination of modern amenities, convenient self-check-in, and the attractive location makes this a truly exceptional opportunity.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1981
    Construction WOOD FRAME
    Total area 1,440 SF
    Lot 0.17 ac (7,500 SF)
    APN 20170646
    UPID US46-0730354
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    TK PROPERTIES DEERWOOD LLC
    TK PROPERTIES DEERWOOD LLC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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