$563,000
$595,000
5.4%For more information regarding the value of a property, please contact us for a free consultation.
520 Park Island RD Center City, MN 55012
2,500 SqFt
Key Details
Sold Price $563,000
Property Type Multi-Family
Sub Type Duplex Other
Listing Status Sold
Purchase Type For Sale
Square Footage 2,500 sqft
Price per Sqft $225
MLS Listing ID 6453628
Sold Date 03/01/24
Year Built 1958
Annual Tax Amount $5,479
Tax Year 2023
Contingent None
Lot Size 0.660 Acres
Acres 0.66
Lot Dimensions 247 x 281 x 200
Property Description
A Lucrative Investment Opportunity: Two Homes in One PID with Lake Shore
This property has not one, but two houses - a 3BR 2BA and a 1BR 1BA - that have been earning an impressive $65K/year on Airbnb and VRBO. Located at the end of a point, this unique property boasts 390 feet of lake shore, with around 200 feet facing the main lake featuring a dock and sandy beach. The homes have been updated with new roofs, gutters, air conditioning, and flooring in the 3-bedroom unit, as well as a renovated bathroom. The seller is open to a contract for the deed. Don't miss out on this opportunity, schedule a showing today!
Location
State MN
County Chisago
Zoning Residential-Multi-Family
Body of Water South Center
Lake Name Chisago Lakes
Rooms
Basement Block, Crawl Space
Interior
Heating Forced Air
Fireplace No
Exterior
Parking Features Gravel
Fence Partial
Waterfront Description Lake Front
Roof Type Age 8 Years or Less
Road Frontage No
Building
Lot Description Accessible Shoreline, Irregular Lot
Story One
Foundation 2200
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories One
Structure Type Metal Siding
New Construction false
Schools
School District Chisago Lakes
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