30973 Rasmussen RD Pequot Lakes, MN 56472
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,154 sqft
Price per Sqft $199
Subdivision Coles Plat Of Pequot
MLS Listing ID 7140632
Bedrooms 5
Full Baths 1
Three Quarter Bath 2
Year Built 1985
Annual Tax Amount $2,717
Tax Year 2026
Contingent None
Lot Size 0.310 Acres
Lot Dimensions 101x129x100x144
Property Sub-Type Single Family
Property Description
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.
Location
State MN
County Crow Wing
Zoning Business/Commercial,Residential-Multi-Family
Rooms
Basement Block, Egress Window(s), Finished, Full, Walkout
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Appliance Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
Laundry Lower Level, Laundry Room
Exterior
Parking Features Detached Garage, Asphalt, Electric, Garage Door Opener
Garage Spaces 3.0
Roof Type Age 8 Years or Less,Asphalt
Building
Story Split Entry (Bi-Level)
Foundation 1104
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Split Entry (Bi-Level)
Structure Type Frame
New Construction false
Schools
School District Pequot Lakes
"Buying a home is one of the biggest decisions you’ll make. You deserve to be in the driver’s seat with someone in your corner who tells it to you straight. My job is to make the process clear, cut through the noise, and make sure you understand the full picture every step of the way. "