23688 Forest Rd Deerwood, MN 56444

Property Details for 23688 Forest Rd

Year built

1981

Construction

WOOD FRAME

Lot size

0.17 lot acres

Property size

1,440 SF

Property type

Commercial real estate

APN

20170646

APU

20170646

Description

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.

Location Insight

City

Deerwood

County

Crow Wing

State

Minnesota

Longitude

-93.9018

Latitude

46.4745

CBSA code

14660

CBSA name

BRAINERD, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments