For Sale: Pequot Lakes MLS# 7140632
Active
NEW!
$429,999
Single Family: Split Entry (Bi-Level)
5 br • 3 ba • Built 1985
2,154 sqft • 0.31 acres
Pequot Lakes schools
MLS# 7140632
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Property 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.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$429,999
Price per sq ft:
$200
Property Type:
Single Family
City:
Pequot Lakes
Garage Spaces:
3
County:
Crow Wing
Year Built:
1985
State:
MN
Property Style:
Split Entry (Bi-Level)
Zip Code:
56472
Subdivision Name:
COLES PLAT OF PEQUOT
Interior
Bedrooms:
5
Bathrooms:
3
Finished Area:
2,154 ft2
Total Fireplaces:
0
Living Area:
2,154 ft2
Common Wall:
No
Appliances Included:
- Dishwasher
- Dryer
- Electric Water Heater
- Microwave
- Range
- Refrigerator
- Stainless Steel Appliances
- Washer
Basement Details:
- Block
- Egress Window(s)
- Finished
- Full
- Walkout
Exterior
Stories:
Split Entry (Bi-Level)
Garage Spaces:
3
Garage Dimensions:
22' x 36'
Garage Size:
792 ft2
Air Conditioning:
Central Air
Foundation Size:
1,104 ft2
Foundation Dimensions:
24' x 46'
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Asphalt
- Detached Garage
- Electric
- Garage Door Opener
Unit Amenities:
- Deck
- Porch
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Street Lights
Exterior Material:
Frame
Roof Details:
- Age 8 Years or Less
- Asphalt
Rooms
1/4 Baths:
None
Full Baths:
1
Half Baths:
None
3/4 Baths:
2
Bathroom Details:
- 3/4 Primary
- Full Basement
- Main Floor Full Bath
Laundry:
- Laundry Room
- Lower Level
| Upper Level | Size | Sq Ft |
|---|---|---|
| Bedroom | 23' x 13' | 299 |
| Kitchen | 14' x 12' | 168 |
| Living Room | 17'6" x 12' | 204 |
| Bedroom 2 | 11'6" x 10' | 110 |
| Lower Level | Size | Sq Ft |
|---|---|---|
| Family Room | 23' x 17'3" | 391 |
| Bedroom 5 | 15' x 9' | 135 |
| Bedroom 4 | 12'6" x 11' | 132 |
| Bedroom 3 | 11' x 10'6" | 110 |
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.31
Geolocation:
46.601676, -94.309937
Lot Dimensions:
101 x 129 x 100 x 144
Zoning:
- Business/Commercial
- Residential-Multi-Family
Schools
School District:
186
District Phone:
2185684996
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$2,717
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$2,742
Association Fee Required:
No
Association Fee:
None
Miscellaneous
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Power Company Name:
Crow Wing Power
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Edina Realty, Inc..
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.