Property Listing
Description
Downtown Pequot Lakes — Turnkey, Fully Furnished Home with Proven Rental Income. Beautifully renovated and fully furnished 5BR/3BA home with 3-car garage, ideally located just one block from downtown Pequot Lakes. This turnkey property offers a unique opportunity for an investor, second-home buyer, or full-time resident. Originally renovated with a $200K+ investment, the property has continued to receive improvements since October 2024, including a brand-new exterior AC unit, air exchanger, professional landscaping, and numerous cosmetic updates. The spacious interior features vaulted ceilings, a generous primary suite with private bath, updated bathrooms, quartz countertops, upgraded lighting and fixtures, and a well-appointed kitchen. Enjoy the large deck, private backyard, and inviting front porch. Home is being sold fully furnished with high-end furnishings, décor, appliances, and household items. Strong rental history: approximately $40,000 in rental income in 2025 through a combination of long-term and Airbnb rentals. The property is on track for approximately $40,000 in 2026 through a long-term rental. Current tenant is leased through May 31, 2027, providing established rental income for the new owner. Rental demand has been strong, with four prospective tenants expressing interest within 72 hours when the property was offered for rent. Enjoy the convenience of being just one block from downtown, with restaurants, churches, shops, schools, and everyday amenities within easy walking distance. Families will appreciate the proximity to Pequot Lakes schools, including highly regarded Pequot Lakes High School. Outdoor enthusiasts will enjoy nearby access to the Paul Bunyan Trail, offering approximately 115 miles of trails for biking and snowmobiling. Highway 371 is just minutes away for convenient access throughout the Brainerd Lakes Area. Turnkey. Fully furnished. Updated. Income-producing. Leased through May 2027. Exceptional downtown location. A rare opportunity to own a versatile property with proven rental performance and immediate income already in place.
Property Information
Status: Active
Sub Type: ********
List Price: $429,999
MLS#: 7140632
Current Price: $429,999
Address: 30973 Rasmussen Road, Pequot Lakes, MN 56472
City: Pequot Lakes
State: MN
Postal Code: 56472
Geo Lat: 46.601676
Geo Lon: -94.309937
Subdivision: COLES PLAT OF PEQUOT
County: Crow Wing
Property Description
Year Built: 1985
Lot Size SqFt: 13503.6
Gen Tax: 2717
Specials Inst: 25
High School: Pequot Lakes
Square Ft. Source:
Above Grade Finished Area: 1104
Below Grade Finished Area: 1050
Below Grade Unfinished Area:
Total SqFt.: 2208
Style: Array
Total Bedrooms: 5
Total Bathrooms: 3
Total Full Baths: 1
Garage Type:
Garage Stalls: 3
Waterfront:
Property Features
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