Sold: Osakis MLS# 6587829
Sold
$899,000 (list price)
$670,000
Commercial: Apartment,Business,Resort
Built 1950
0.02 acres
Osakis schools
MLS# 6587829
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Property Description
Agent/Owner. Showings must be scheduled through listing agent. All buyers must submit proof of funds to purchase before showings will be approved. Listing agent will be present for all showings. Property is currently being run as self check in resort- guests may be on site and all units may not be available to see at same times, based on occupancy at time of showings. Will sell as business if buyer wishes- but doesn't have too- future reservations can be cancelled and refunded prior to sale. All units fully furnished. Excellent opportunity to own turn-key take over business, or use as personal retreat- property has city approved buildable lot, is divided in to 7 PIDS, so can be sold individually for future investor considerations. Lots of options to make this a family retreat, CIC is established but not used, so can sell/use as condos or keep as is and grow the already thriving year round business. Rare opportunity to have this many options with top notch lake front location.
Listing
Listing Status:
Sold
Contingency:
None
List Price:
$899,000
Sold Price:
$670,000
Sold Date:
11/15/2024
Property Type:
Commercial
City:
Osakis
Garage Spaces:
1
County:
Todd
Year Built:
1950
State:
MN
Property Style:
Apartment, Business, Resort
Zip Code:
56360
Subdivision Name:
Bdp Estates Cic #19
Interior
Ranges:
Five
Refrigerators:
Five
Appliances Included:
- ENERGY STAR Qualified Appliances
- Gas Water Heater
- Microwave
- Range
- Tankless Water Heater
- Washer
- Water Softener Owned
Basement Details:
Crawl Space
Exterior
Stories:
One
Garage Spaces:
1
Other Parking Spaces:
0
Air Conditioning:
Ductless Mini-Split
Foundation Size:
2,200 ft2
Handicap Accessible:
None
Heating System:
- Ductless Mini-Split
- Forced Air
- Other
Parking Features:
- Concrete
- Detached
- Guest Parking
Shared Amenities:
- Beach
- Deck
- Dock
Unit Amenities:
- Kitchen Window
- Panoramic View
- Patio
- Security Lights
- Washer/Dryer Hookup
Road Frontage:
City Street
Exterior Material:
Vinyl Siding
Roof Details:
Architectural Shingle
Lake & Waterfront
Waterfront Present:
Y
Waterfront Name:
Osakis
Waterfront View:
Lake
DNR Lake ID#:
77021500
WF Frontage:
170
Elev Highpt to WF feet:
0-4
Waterfront Slope:
Level
Lake Chain Name:
N
Lake Acres:
6389
Lake Depth:
73
Waterfront:
Lake Front
Lake Bottom:
Excellent Sand
Lot & Land
Acres:
0.02
Geolocation:
45.873353, -95.117789
Inclusions:
Building, Business Assets, Business, Fixture/Equipment, Inventory
Lot Dimensions:
167 x
Addl Parcels:
370013400, 370013500
Zoning:
- Business/Commercial
- Residential-Multi-Family
Lot Description:
Tree Coverage - Light
Schools
School District:
213
District Phone:
320-859-2191
Expenses
Annual Caretaker Expense:
$2,500
Annual Electric Expense:
$2,500
Annual Fuel Expense:
$2,300
Annual Insurance Expense:
$3,800
Annual Gross Expense:
$38,000
Annual Trash Expense:
$500
Annual Water/Sewer Expense:
$780
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$1,478
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$1,478
Income
Annual Gross Income:
$120,000
Rent
Annual Net Income:
$82,000
Units
Total Units:
5
Miscellaneous
Current Use:
- Hotel/Motel
- Recreational
- Residential
- Resort
Fuel System:
- Electric
- Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
Heating Common
Water System:
Well
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Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
Listing provided by RMLS,
courtesy of eXp Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.