For Sale: Alexandria MLS# 7160511
Active
NEW!
$570,000
Multi-family: Fourplex
11 br • 4 ba • Built 1966
3,800 sqft • 0.9 acres
Alexandria schools
MLS# 7160511
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Property Description
INVESTMENT OPPORTUNITY! Looking to expand your real estate portfolio? This fully occupied 4-plex offers an excellent opportunity to invest in a multi-family property! Featuring three 3-bedroom, 1-bath units and one 2-bedroom, 1-bath unit, this property boasts a 100% occupancy rate and the convenience of in-unit laundry in every apartment. Additional highlights include two 2-stall garages, along with a New roof on both the building and garages! Both lower-level apartments (Units 1 and 4) have undergone kitchen renovations. A centralized utility room houses the boiler, water heaters, and water softener. The property also recently passed its city rental inspection in August, meeting the new HUD NSPIRE inspection criteria model requirements, with approval good for the next four years. With full occupancy, recent improvements, and desirable amenities, this property is a great addition to any investment portfolio! See supplements for apartment layouts.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$570,000
Price per sq ft:
$150
Property Type:
Multi-family
City:
Alexandria
Garage Spaces:
4
County:
Douglas
Year Built:
1966
State:
MN
Property Style:
Fourplex
Zip Code:
56308
Subdivision Name:
Jefferson Condo 102
Interior
Bedrooms:
11
Bathrooms:
4
Finished Area:
3,800 ft2
Living Area:
3,800 ft2
Refrigerators:
One Per Unit
Basement Details:
- Finished
- Full
Exterior
Stories:
Split Entry (Bi-Level)
Garage Spaces:
4
Garage Size:
1,232 ft2
Foundation Size:
1,900 ft2
Fencing:
None
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Boiler
Parking Features:
Detached Garage
Road Frontage:
- City Street
- Paved Streets
- Sidewalks
Exterior Material:
Frame
Pool:
None
Roof Details:
Age 8 Years or Less
Rooms
Laundry:
In Unit
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.9
Geolocation:
45.877763, -95.372867
Lot Dimensions:
299 x 152 x 299 x 152
Addl Parcels:
631591200, 631591300, 631591400
Lot Description:
Tree Coverage - Light
Farm
Topography:
Level
Schools
School District:
206
District Phone:
3207622141
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$423
Annual Fuel Expense:
$1,875
Annual Insurance Expense:
$2,442
Annual Maintenance Expense:
$500
Annual Trash Expense:
$703
Annual Water/Sewer Expense:
$2,177
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$5,872
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,872
Income
Annual Gross Income:
$68,000
Rent
Annual Net Income:
$51,304
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Power Company Name:
Alexandria Light & 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 Central MN Realty LLC.
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.