Home For Sale In Park Rapids, Minnesota

house for sale

Listed: 03/19/24

162 Monico Lane, Park Rapids, MN 56470, USA

7 Bed:

5 Bath:

4,032 Sq Ft Living Area:

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Price

$ 229,900

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About This House

Buy the triplex and get a duplex for free! If you are looking for an income producer then look no further. The location is ideal and the rental history is extremely consistent. The triplex includes 2800+ finished sq ft with (2) two bedroom units and (1) one bedroom unit. The duplex includes 1200+ finished sq ft with (2) one bedroom units. In total there are 5 units with 5 baths and over 4000 (above grade) finished sq ft. Each has natural gas or electric heat. All units are metered individually for electricity. The rental demand is as high as it has ever been with no slow down in sight. 614 Main Avenue N in beautiful downtown Park Rapids, MN is a great hedge for anyone looking to invest in the tangibles of real estate.

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Original listing

Park Rapids Housing & Living

Household Income

Median household income: $36,120

Number of households: 1,691

The average household income in Park Rapids, MN grew from $33,026 to $36,120 in the past year. This data is an estimate based upon 1,691 households in Park Rapids, MN.
The chart below presents how household income is distributed in Park Rapids, MN in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $800-$1,500

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Park Rapids, MN compared to median property taxes around the country. The prevalent amount of property taxes in Park Rapids, MN equals $800-$1,500 , which is less than the national average.