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For Sale:  Alexandria MLS# 7017065

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Active
$1,100,000
/mo Edit
Commercial:  1 Story
Built 1950
0.949 acres
MLS# 7017065
763-576-8286
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    Property Description

    For sale: 14 unit apartment building right off County Road 82 in the desirable, growing city of Alexandria. Large, nearly acre lot with over 130ft of frontage. Expand the building for more income potential or sit back and enjoy the cashflow. Most of the units have been updated with only 1 left to bring up to speed. Heated 24x30 garage currently rented, full basement on the Southeast wing for easy access to mechanicals and or storage for tools, appliances etc... Alexandria is the perfect spot to start or expand your portfolio. With lots of infrastructure and employment opportunities, the city continues to lead a strong demand for housing. Most of the units being studio apartments, you'll find these easy to rent out and maintain. Reach out to view financials and see the competitive cap rate this property is offered at.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $1,100,000
    Property Type: Commercial
    City: Alexandria
    Garage Spaces: 2
    County: Douglas
    Year Built: 1950
    State: MN
    Property Style: 1 Story
    Zip Code: 56308
    Subdivision Name: Holes 2nd Add

    Interior

    Appliances Included:
    • Dryer
    • Washer
    Basement Details:
    • Block
    • Concrete
    • Partial
    • Storage Space
    • Unfinished

    Exterior

    Stories: One
    Garage Spaces: 2
    Garage Dimensions: 30x24
    Garage Size: 720 ft2
    Garage Door Height: 7
    Garage Door Width: 8
    Air Conditioning: Window Unit(s)
    Foundation Size: 5,200 ft2
    Foundation Dimensions: Irregular
    Handicap Accessible: No Stairs Internal
    Heating System:
    • Boiler
    • Radiant
    Parking Features:
    • Detached Garage
    • Parking Lot
    • Paved Lot
    Exterior Material:
    • Block
    • Concrete
    Roof Details: Asphalt

    Rooms

    Shared Rooms: Other

    Lot & Land

    Acres: 0.949
    Geolocation: 45.888812, -95.359733
    Inclusions: Building, Land, Leases
    Lot Dimensions: 140 x 295 x 140 x 295
    Zoning:
    • Business/Commercial
    • Residential-Multi-Family

    Schools

    School District: 1015
    District Phone: 3207622141

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $4,236
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $4,236

    Income

    Annual Gross Income: $140,520

    Units

    Total Units: 14

    Miscellaneous

    Current Use:
    • Commercial
    • Residential
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Common
    • Heating Common
    • Hot Water Common
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    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!

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    Listing provided by RMLS, courtesy of Hetland Realty, LLC.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.