23688 Forest RdDeerwood, MN 56444

For Sale
$1,095,000

Lakeside Efficiency Units & Manager's Quarters

Overview

Added:
Feb 3
Days on market:
38
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 Details for 23688 Forest Rd

Property type
Other commercial real estate
Square Feet
7,380 SF
Year Built
1964
Lot Size (sq. ft)
7,405 SF

Location Insight

City
Deerwood
County
Crow Wing
State
Minnesota
Latitude
46.47449
Longitude
-93.9018
23688 Forest Rd, Deerwood, Minnesota

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23688 Forest Rd
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