$1,075,000
2895 Oak Island
Oak Island, MN 56741
MLS# 15-1043
Status: Closed
27 beds  |  10 baths


2895 Oak Island, Oak Island, MN 56741
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Property Description
Island Resort Opportunity! Located on Minnesota's Lake of The Woods! Resort features nine rental cabins, 53 beds, owners residence, 1098 feet of water frontage, 22.45 acres, 6.5 miles from mainland, rock breakwater, 80% occupancy rate, and GREAT CASH FLOW! Turn-Key Seasonal Resort Operation!

Details
Maps
None
Current Price: $850,000
Contract Information
MLS Code: 4975 - BMJ
Auction: No
List Price: $1,075,000
Rental License: No
Lender Owned: No
In Foreclosure: No
Potential Short Sale: No
Owner is Agent: No
General Property Information
Current Business Nme: Oak Island Resort
Type of Property: Resort
For Sale/Lease: For Sale
# of Units: 9
Total Bedrooms: 27
Total Bathrooms: 10
Year Built: 1938
Remodeled/Addition: Yes
Waterfront: Yes
Water Access: Lake
Waterfront Name: Lake of The Woods
Approx Nbr of Acres: 22.45
Aprox Lot Dimensions: 1332x440 & 711x455
Location, Tax and Other Information
House Number: 2895
Street Name: Oak
Street Abbreviation: Island
Postal City: Oak Island
County: Lake of the Woods
State/Province: MN
Zip Code: 56741
Area: Northwest Angle
School District: Warroad #690
Township Name: Angle
Township #: 167
Section #: 2
Range #: 33
Parcel Number: 06.02.31.010, 06.02.31.030, 06.02.42.000
Legal Description: Sec 2 Twp 167 Range 033 tract in NE corner of Gov. Lot 6 PIN 06.02.31.010 & 06.02.31.030 & 06.02.42.000
Tax Classification: Commercial
Tax Year: 2015
Tax Amount: 5842
Assessments: No
Taxes w/Assessments: 5842
Directions & Remarks
Directions: Located on Oak Island in the NW Angle. Contact agent for travel arrangements, as property is accessible by water/air only.
Status Change Info
Status: Closed
Under Contract Date: 2015-09-25
Sold Date: 2016-01-12
Unit 1
Unit Number: 1
Level: 1
Total Rooms: 6
Total Bedrooms: 4
Total Baths: 1
Three Quarters Baths: 1
Unit SqFt: 960
Unit 2
Unit Number: 2
Level: 1
Total Rooms: 6
Total Bedrooms: 4
Total Baths: 1
Three Quarters Baths: 1
Unit SqFt: 960
Unit 3
Unit Number: 3
Level: 1
Total Rooms: 2
Total Bedrooms: 1
Total Baths: 1
Three Quarters Baths: 1
Unit SqFt: 336
Unit 4
Unit Number: 4
Level: 1
Total Rooms: 4
Total Bedrooms: 2
Total Baths: 1
Three Quarters Baths: 1
Unit SqFt: 400
Square Footage
Total Above Gd Sqftg: 8400
Main Square Ftge: 8400
Total SqFt: 8400
Total Rooms Above Gr: 53
Waterfront Info
DNR #: 39000200
Waterfront Frontage: 1098
Lake Class: Natural Environment
Lake Chain: No
Road Btwn Wtr & Home: No
Property Features
U1 Appliances: Microwave; Range/Stove; Refrigerator
U1 Amenities: Eat-in Kitchen
U2 Appliances: Microwave; Range/Stove; Refrigerator
U2 Amenities: Natural Woodwork
U3 Appliances: Microwave; Range/Stove; Refrigerator
U3 Amenities: Natural Woodwork
U4 Appliances: Microwave; Range/Stove; Refrigerator
U4 Amenities: Natural Woodwork
Construction Type: Frame/Wood
Exterior: Wood
Fuel: Electric
Heat: Baseboard
Sewer: Private
Water: Private
Amenities: Boat Docks; Restrooms; Smoke Detector
Current Use: Resort
Owners Expense: Electric; Lawn; Maint/Repair; Trash; Water/Sewer
Roof: Asphalt Shingles
Sale Includes: Building; Fixture/Equipment; Inventory; Land

Listing Office: Reed Realty

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Monday 22nd of January 2018 04:42 AM