967 1st Street SE Forest Lake, MN
$ 599,000
Property Attributes
  • MLS#5257158
  • TypePending
  • CityForest Lake
  • AreaBeards Add
  • Zip55025
  • Style(MF) Triplex
  • Year Built2014
  • Taxes3813
  • Price$ 599,000
  • Bedrooms2
  • Full Bathrooms2
  • Half Bathrooms1
  • Sqr Footage3336
  • Lot Size0.3 Acres
Listing Provided Courtesy Of:
Realty Executives Top Results
Property Description

Fully rented triplex with 3 one-level units. Each is 2BR/2BA with 2-car garages. Very new - built in 2014. High-demand one-level slab side x side units within walking distance of downtown and lakes, parks, shopping etc. Great investment opportunity in growing Forest Lake . Easy access to Mpls or St.Paul. 8-Plex next door is also for sale for $995,000 for a total of 11 possible 1-level units all in one easy to manage location. Not many of these high demand style units available for rental investors. 24-48 hour notice minimum for all showings.

Price History
7/3/2019 Listed $599,000

General Features

Annual Gross Income 45600.00
Complex/development/subd Beards Add
Construction Status Previously Owned
Contingency None
Cumulative Days on Market 45
DPR Eligible No
Handicap Accessible No Stairs Internal, No Stairs External
Has Supplements 1
Homestead No
Listing Status Pending
Municipality Forest Lake
Potential Short Sale No
Present Use Yearly
Property Type MF
School District 831 - Forest Lake
Style (MF) Triplex
Tax Year 2019
Year Built 2014
Zoning Residential-Multi-Family

Interior Features

Above Ground Finished Sq 3336
Basement Slab
Fuel Natural Gas
Garage Stalls 6
Heating Forced Air
Number Of Ranges Three
Number Of Refrigerators Three
Number Of Unit 1
Total Bathrooms 6
Total Finished SqFt. 3336
Unit 1 3qtr Bath 1
Unit 1 Air Central
Unit 1 Amenities Patio, Washer/Dryer Hookup
Unit 1 Appliances Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
Unit 1 B1 Level Main (Ground)
Unit 1 B2 Level Main (Ground)
Unit 1 Bath Full 1
Unit 1 Dining Room Level Main (Ground)
Unit 1 Finished Square Footage 1112
Unit 1 Kitchen Level Main (Ground)
Unit 1 Living Room Level Main (Ground)
Unit 1 Number Of Units 3
Unit 1 Total Baths 2
Unit 1 Total Expenses 562
Unit 1 Total Rooms 7

Exterior Features

Lender Owned No
Unit 1 Bedrooms 2
Unit 1 Monthly Rent 3800
Acres 0.300
Exterior Metal, Vinyl
Foundation Size 3616
Lot Description Tree Coverage - Light
Road Frontage City, Paved Streets
Roof Pitched, Asphalt Shingles, Age 8 Years or Less
Sewer City Sewer/Connected
Water City Water/Connected


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 55025

AVG $320K
AVG $2,860
AVG 12
Year Built
AVG 1988
AVG 21
Data Provided by Walkscore ® not using MLS data

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