Directions: I-35 to Forest Lake - Exit 132 to Hwy 8. Hwy 8 to Center City to Park Island Road (across Hwy 8 from Swenson Lakehouse).
Property Taxes: $5,530
Tax Year: 2023
Tax Amount: $5,530
2 HOUSE COMBO. 3BR 2BA plus a 1BR 1BA. Property grosses over 50 per year when rented on vacations sites like Airbnb and VRBO. They're on the end of the point which has 390 feet or so of lake shore with about 100 facing the main lake and would be the focus of having a beach since the other side is shallow. Must show around rentals. The lot is zoned as a duplex. A larger building or a new single-family home or new garage with new living quarters above could be built, at the time the houses on the property are in too good of condition to just tear down. This is perfect for a buyer that wants an income producing property that they can use when it's not rented, an build new later. There is currently about an 8% return on money plus appreciation on the land/real-estate. The seller would consider a contract for deed with 20% down looking at 8% Interest Only. New roof, gutters, some Appliances, A/C in each unit, flooring, shower, etc. for updates. Next is a couple of windows, sand flr.