For Sale: Albert Lea MLS# 6742759
Active
$79,900
Multi-family: Triplex
Built 1890
2,515 sqft • 0.19 acres
Albert Lea schools
MLS# 6742759
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Property Description
If you are looking for a multi-unit building and you have the ability to do the remodel yourself, this is a great opportunity. We gutted most of the kitchens and bathrooms in preparation for a remodel. The exterior has been recently painted and the roof doesn't leak. Additionally, the utilities are separate for each unit. There is a furnace in the basement ready to replace the old one that is there. There was a small water loss event in one unit a year ago or so and the plumbing would need to be repaired. This has the potential to have (3) 2 bedroom 1 bath units that could rent starting at $850/mo. each depending on how nice the remodel is. The agent is the owner so reach out with any questions. The property is a show and go so schedule through ShowingTime.
PLEASE WATCH YOUR STEP IN UNIT 2 AS THE BATHROOM FLOOR HAS BEEN REMOVED IN PREPARATION FOR NEW FLOORING.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$79,900
Price per sq ft:
$32
Property Type:
Multi-family
City:
Albert Lea
Garage Spaces:
0
County:
Freeborn
Year Built:
1890
State:
MN
Property Style:
Triplex
Zip Code:
56007
Subdivision Name:
Cottage Place Add
Interior
Finished Area:
2,515 ft2
Living Area:
2,515 ft2
Basement Details:
Block
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
1,710 ft2
Foundation Dimensions:
38x45
Handicap Accessible:
None
Heating System:
Forced Air
Exterior Material:
- Shake Siding
- Slate
Lot & Land
Acres:
0.19
Geolocation:
43.646591, -93.372831
Lot Dimensions:
67 x 20
Schools
School District:
241
District Phone:
507-379-4800
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Gross Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
Electricity, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$742
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$946
Income
Annual Gross Income:
None
Units
Total Units:
3
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of Keller Williams Premier Realty.
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.