1311 Summit Avenue, Detroit Lakes, MN 56501

$950,000
11
BD
7
BA
6,892
SqFt

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List Price
$950,000
MLS#
7082979
Status
ACTIVE
Type
Multifamily
Bedrooms
11
Bathrooms
7
Living Area
6,892
Acres
0.43
Subdivision
Iversons Add
Year Built
1949

Property Description

This one-of-a-kind 4-plex is perfectly situated within the 1st block of the Detroit Lake City Beach and The Heartland State Trail, directly across the street from People’s Park and just up the street from Zorbaz, not to mention Kent Freeman Arena, The Becker County Fairgrounds, MN Flyers Gymnastics, and more — offering unbeatable convenience and appeal for tenants. Extensive renovations have been completed on multiple units in recent years, featuring modern appliances, updated flooring, kitchen remodels, bathroom updates, new lighting, and thoughtful insulation improvements. The property continues to benefit from strong rental performance and has established itself as a reliable source of income. The 5-bed/3-bath unit is fully furnished and turnkey for immediate occupancy. The 2-bed unit will be vacant and available at the end of the month. Whether you’re an investor looking for steady cash flow or someone seeking to live in a unique multi-family property with strong upside and increasing value in a high-demand area for future development, this is truly a standout opportunity.

Additional Information

School District
Detroit Lakes
Tax Year
2025
Fencing
Partial, Vinyl
Fuel
Electric, Natural Gas
Lot Description
Tree Coverage - Medium
Sewer
City Sewer/Connected
Roof
Asphalt
Heating
Baseboard, Forced Air, Fireplace(s)
Water
City Water/Connected
Basement
Partial, Partially Finished
Parking
Detached Garage, Concrete
Garage Spaces
2

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Calculator source: Real Geeks

Listing courtesy of The Real Estate Company of Detroit Lakes.

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