$330,000
$345,000
4.3%For more information regarding the value of a property, please contact us for a free consultation.
2,890 SqFt
SOLD DATE : 06/29/2023
Key Details
Sold Price $330,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,890 sqft
Price per Sqft $114
Subdivision Sub Of Blk E Of Nelsons 2Nd A
MLS Listing ID 6364956
Sold Date 06/29/23
Year Built 1961
Annual Tax Amount $3,526
Tax Year 2022
Contingent None
Lot Size 8,276 Sqft
Acres 0.19
Lot Dimensions 54x150
Property Description
A great 4 plex close to the Tech School and down town. Nice corner lot. most of the units have been updated..currently 2 units will open up this month and will get new flooring in the LR and fresh paint. exterior wall on the exterior is getting painted as well. Owner pays heat/gas tenants pay Elec.. Common coin Opp laundry with separate entry for each unit is the LL. There are 3 nice size 1 bedroom units and 1 /2 bedroom unit in this 4 plex. Rents could be increased with new leases or extensions. New gross income with be posted when the 2 units that are opening up are leased. owner has been using the garage for personal use. each stall (2) could be also rented for additional income ie 75/ month each min. total $140/ month or $1680/ year additional income potential. proforma with rent increases and new leases estimated as follows units gross $41700 plus $1680 garage rent total gross potential $43,380
Location
State MN
County Douglas
Rooms
Basement Block, Egress Window(s), Finished
Interior
Heating Boiler
Fireplace No
Exterior
Parking Features Detached, Concrete, Unassigned
Garage Spaces 2.0
Building
Lot Description Corner Lot
Story One
Foundation 1445
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories One
Structure Type Other
New Construction false
Schools
School District Alexandria
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "