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23688 Forest RD Deerwood, MN 56444
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Key Details
Sold Price $999,999
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Subdivision Deerwood
MLS Listing ID 6641036
Sold Date 05/29/25
Year Built 1964
Annual Tax Amount $3,034
Tax Year 2023
Contingent None
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 600x450
Property Sub-Type Other
Property Description
Located right near the Cuyuna Bike Trails in the heart of the Deerwood & Crosby Trade Area.
The 16-unit Property is turnkey with fully integrated Cloudbeds Software platform which allows an absent ownership to manage the bookings across multiple platforms including Airbnb, Booking.com, VRBO, among others.
The platform synchronizes calendars automatically, adjusts pricing dynamically, generates unique door access codes, and automated guest communications.
This turnkey investment ensures minimal owner involvement and allows you to generate cash flow while you are asleep.
The building was completely renovated in 2024 and boasts a 3-bedroom 2 bath living quarters that can be used for rental, owner suite, or onsite manager. if desired but is not necessary with the automation in place.
The recent renovation was thorough and included plumbing, siding, long term stay room efficiencies, new TV's, Electrical upgrades and much more. Do not miss out on the opportunity to own this cash flowing property with lots of upside on the rental roll. Seller Financing Available.
Location
State MN
County Crow Wing
Zoning Business/Commercial,Residential-Multi-Family
Rooms
Basement None
Interior
Heating Baseboard, Boiler, Forced Air, Radiant
Cooling Wall Unit(s)
Fireplace No
Appliance Cooktop, Dryer, Microwave, Refrigerator, Washer
Exterior
Parking Features Detached, Guest Parking, Parking Lot
Garage Spaces 2.0
Utilities Available Electric Common, Heating Common, Hot Water Common
Roof Type Age 8 Years or Less,Asphalt,Flat,Rubber
Present Use Hotel/Motel
Building
Lot Description Corner Lot
Story Two
Foundation 5140
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Engineered Wood,Other,Shake Siding
Schools
School District Crosby-Ironton
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