BEDS0
BATHS
SQUARE FEET2,880
MLS#7060763
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONOriginal Alexandria
SCHOOLAlexandria
Property Description
Duplex investment opportunity in the heart of Alexandria! Situated on a large corner lot, this property includes a 3-car garage and solid income potential. Both units are fully leased, generating immediate cash flow?upper unit rents for $1,200/month and the main floor unit for $1,250/month, totaling $29,400 annually.Each unit offers approximately 1,440 sq. ft. of living space with functional layouts that appeal to long-term tenants. The property features vinyl siding, new roof in 2024, newer windows, and updated furnaces, along with shared laundry in the rear entry.While the property could benefit from some cosmetic updates, it presents a great opportunity for investors to build equity and increase rental income over time. Owner currently pays utilities.
Property Features
Property Type: Multi Unit - Multiple
Basement: Partial, Unfinished
Basement: Yes
Garage: 3
Heating: Forced Air
Lot Size: 0.23 Acres
Taxes: $2,849
Year Built: 1900
Feature Descriptions
Days on Site: 5
Exterior: Brick, Frame
Foundation Size: 1440
Lot Dimensions: 150x68x150x68
Parcel#: 631200000
Parking: Detached Garage
Sewer: City Sewer/Connected
Units: 2
Water: City Water/Connected
Local Schools
School District: Alexandria
Listed By / Shown By
Listed By
Agency Name: Counselor Realty Inc of Alex
Agency Phone: 320-762-1111
Shown By
Agency Title: Joel Hentges - Re/Max Advantage Plus
Agency Phone: 952-475-9541
Estimate Your Payment
Estimated Payment
$ 790.96 per month $489.40 Principal & Interest $237.42 Property Tax $64.14 Homeowner's Insurance
322 5th Avenue E | MLS# 7060763
This multi-family property located at 322 5th Avenue E, Alexandria, MN 56308 is currently listed for sale with an asking price of $219,900. 5th Avenue E is located within the Alexandria school district. Search Alexandria real estate on www.homesbyjoel.com today.