Alexandria, MN 56308,318 14th AVE E
Alexandria, MN 56308,318 14th AVE E
Alexandria, MN 56308,318 14th AVE E
Alexandria, MN 56308,318 14th AVE E
Alexandria, MN 56308,318 14th AVE E
Alexandria, MN 56308,318 14th AVE E
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$330,000

$345,000

4.3%
Est.Price: ?

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Est. payment /mo

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

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Listed by Bruce Erickson • Alexandria Property Group
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