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.
Property Features
Property Type: Residential - Single Family
Basement: Block, Egress Window(s), Finished, Full, Walkout
Basement: Yes
Cooling: Central Air
Fuel Type: Natural Gas
Garage: 3
Heating: Forced Air
Lot Size: 0.31 Acres
Roof Type: Age 8 Years or Less, Asphalt
Taxes: $2,717
Year Built: 1985
Feature Descriptions
Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
Bath: 3/4 Primary, Full Basement, Main Floor Full Bath
Bathrooms 3/4: 2
Bathrooms Full: 1
Down Payment Resource: Yes
Exterior: Frame
Foundation Size: 1104
Lot Dimensions: 101x129x100x144
Parcel#: 29100983
Parking: Detached Garage, Asphalt, Electric, Garage Door Opener
Sewer: City Sewer/Connected
SQ FT Total: 2208
Water: City Water/Connected
Room Sizes
Family Room: 23' x 17'3
Bedroom 5: 15' x 9'
Bedroom: 23' x 13'
Bedroom 4: 12'6 x 11'
Kitchen: 14' x 12'
Living Room: 17'6 x 12'
Bedroom 2: 11'6 x 10'
Bedroom 3: 11' x 10'6
Local Schools
School District: Pequot Lakes
Listed By / Shown By
Listed By
Agency Name: Edina Realty, Inc.
Agency Phone: 218-692-5200
Shown By
Agent Name: Chester Jones
Agent Phone: (612) 518-3112
Agency Title: Counselor Realty
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Estimated Payment
$ 2,640.47 per month $2,288.64 Principal & Interest $226.42 Property Tax $125.42 Homeowner's InsuranceChange Payment Information
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30973 Rasmussen Road | MLS# 7140632
This single family home located at 30973 Rasmussen Road, Pequot Lakes, MN 56472 is currently listed for sale with an asking price of $429,999. This property was built in 1985 and has 5 bedrooms and 3 full baths with 2208 sq. ft. Rasmussen Road is located in the COLES PLAT OF PEQUOT subdivision within the Pequot Lakes school district. Search COLES PLAT OF PEQUOT real estate on cjones.counselorrealty.com today.