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321 6th Avenue E, Alexandria, MN 56308

$235,000
  • 321 6th Avenue E, Alexandria, MN 56308 Main Photo

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Active
BEDS0 BATHS SQUARE FEET2,564 MLS#7098633
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONOriginal Alexandria SCHOOLAlexandria

Property Description

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.

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.

Property Features

Property Type: Multi Unit - Multiple
Basement: Unfinished
Basement: Yes
Garage: 2
Heating: Forced Air
Lot Size: 0.14 Acres
Taxes: $2,258
Year Built: 1900

Feature Descriptions

Days on Site: 35
Exterior: Frame
Foundation Size: 1800
Lot Dimensions: 70x90
Owners Expense: Grounds Care, Repairs, Sewer, Snow Removal, Trash Collection, Water
Parcel#: 631196000
Parking: Detached Garage
Road Frontage: City Street
Sewer: City Sewer/Connected
Tenant Expenses: Electricity
Units: 3
Water: City Water/Connected

Local Schools

School District: Alexandria

Listed By / Shown By

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

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Estimate Your Payment

Estimated Payment

$ 779.72 per month $523.01 Principal & Interest $188.17 Property Tax $68.54 Homeowner's Insurance

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