Property profile

23688 Frst Rd Deerwood, MN 56444

OFF-MARKET
Commercial real estate
Property ID
US46-0730354
1,440 SF 0.17 ac lot Built 1981
Entity Owned Absentee Owner Free & Clear
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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

Current use

Occupant on record · Public records
  • Hotel & Motel
  • Hotel & Motel

Location

23688 Frst Rd Deerwood, MN 56444
Deerwood metro Census 950701 BRAINERD, MN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$185k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$185k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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