This is a great opportunity for someone looking to be a rental business owner! The up/down duplex is located off Main St and is within walking distance of Forest Lake, Restaurants & Shopping. $60k in updates and renovations have been put into the property Since 2020 INCLUDING New Roof & Siding! This rental is ready for its next investor with excellent renters in both units.
Forest Lake is located in Minnesota. Forest Lake, Minnesota has a population of 20,366. Forest Lake is less family-centric than the surrounding county with 29.79% of the households containing married families with children. The county average for households married with children is 36.3%.
The median household income in Forest Lake, Minnesota is $87,753. The median household income for the surrounding county is $102,258 compared to the national median of $69,021. The median age of people living in Forest Lake is 38.6 years.
The average high temperature in July is 82.4 degrees, with an average low temperature in January of 2.8 degrees. The average rainfall is approximately 32.4 inches per year, with 53.7 inches of snow per year.