For Sale: Alexandria MLS# 6814987
Active
$399,900
Commercial: Apartments
Built 1890
0.21 acres
Alexandria schools
MLS# 6814987
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Property Description
ATTENTION INVESTORS! Here is a 5 plex located in the heart of Alexandria with great rental history. Each unit is 2BR 1BA with separately metered electric, and there is a shared coin operated laundry. The basement offers opportunity to add a unit or build out storage spaces for revenue generation. 24 hour minimum notice required for showings. *Gross income is based off projecting full vacancy and not actual*
Listing
Listing Status:
Active
Contingency:
None
List Price:
$399,900
Property Type:
Commercial
City:
Alexandria
Garage Spaces:
0
County:
Douglas
Year Built:
1890
State:
MN
Property Style:
Apartments
Zip Code:
56308
Subdivision Name:
Original Alexandria
Interior
Basement Details:
Unfinished
Exterior
Stories:
Two
Garage Spaces:
0
Other Parking Spaces:
0
Foundation Size:
1,627 ft2
Foundation Dimensions:
40x44
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Baseboard
- Forced Air
Parking Features:
On-Street Parking Only
Shared Amenities:
Coin-op Laundry Owned
Road Frontage:
City Street
Exterior Material:
Brick/Stone
Roof Details:
Asphalt
Lot & Land
Acres:
0.21
Geolocation:
45.886303, -95.380981
Inclusions:
Fixture/Equipment
Lot Dimensions:
75 x 120
Zoning:
Residential-Multi-Family
Schools
School District:
206
District Phone:
320-762-2141
Expenses
Annual Electric Expense:
$3,465
Annual Fuel Expense:
$487
Annual Insurance Expense:
$1,837
Annual Gross Expense:
$11,692
Annual Trash Expense:
$1,300
Tenant Expenses:
Cable TV, Electricity
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$4,480
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$4,480
Income
Annual Gross Income:
$54,300
Rent
Annual Net Income:
$42,608
Units
Total Units:
5
Miscellaneous
Current Use:
Residential
Fuel System:
- Electric
- Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Hot Water Common
Water System:
City Water/Connected
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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 Kvale Real Estate.
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.