Don't miss this opportunity to own a triplex with a strong rental history in Alexandria. Based on the current rental income and purchase price, this property is currently performing at approximately 1.4%, surpassing the commonly used 1% rule?an increasingly difficult investment benchmark to find. With established rental income already in place, a new owner can begin cash flowing right away.As Alexandria continues to grow, rental demand remains strong. Whether you're looking to expand your investment portfolio or live in one unit while the other two help offset your mortgage, this property offers excellent flexibility and income potential.The main floor features a spacious 2-bedroom unit along with an additional 1-bedroom unit. Upstairs, you'll find another 2-bedroom unit. Shared coin-operated laundry is conveniently located in the basement, and the detached double garage offers additional parking, storage, or potential rental income.Conveniently located near downtown, parks, and everyday amenities, this is a great opportunity for both investors and owner-occupants.A minimum of 24-hour notice is required for showings; 48-hour notice is preferred.
Listed By
Agency Name: Central MN Realty LLC
Agency Phone: 320-363-4363
Shown By
Agency Title: Joel Hentges - Re/Max Advantage Plus
Agency Phone: 952-475-9541
Estimated Payment
$ 779.72 per month $523.01 Principal & Interest $188.17 Property Tax $68.54 Homeowner's InsuranceIf the email address was found in our system, your password has been sent. Please check your inbox.
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321 6th Avenue E | MLS# 7098633
This multi-family property located at 321 6th Avenue E, Alexandria, MN 56308 is currently listed for sale with an asking price of $235,000. 6th Avenue E is located within the Alexandria school district. Search Alexandria real estate on www.homesbyjoel.com today.