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$395,000
/mo Edit
Multi-family:  Triplex
Built 1956
3,355 sqft0.39 acres
Alexandria schools
MLS# 6540167
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    Property Description

    Invest in real estate today! Who knows what the stock market is going to do tomorrow. Gold?... Nah. Crypto?... Nope. Real estate is where it's at! This extremely clean triplex is in excellent condition and ready to make you some money! Sharing a property line with Alomere Health, you can be sure that your vacancy rate will be very low with this excellent location. New steel roof, windows and siding all within the last 7 years along with new furnace/A-C within the last 2 years and several interior updates as well. Don't delay, clean multi-family properties like this do not come up for sale often!

    Listing

    Contingency: None
    Price per sq ft: $118
    City: Alexandria
    County: Douglas
    State: MN
    Property Style: Triplex
    Zip Code: 56308
    Subdivision Name: Nelson 2nd Add

    Interior

    Living Area: 3,355 ft2
    Ranges: Three
    Refrigerators: Three
    Basement Details:
    • Block
    • Egress Window(s)
    • Finished
    • Full
    • Sump Pump

    Exterior

    Stories: One and One Half
    Garage Spaces: 2
    Garage Dimensions: 20x22
    Garage Size: 440 ft2
    Foundation Size: 1,354 ft2
    Foundation Dimensions: 44x34
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System:
    • Baseboard
    • Forced Air
    Parking Features:
    • Asphalt
    • Detached
    Road Frontage:
    • City Street
    • Paved Streets
    Exterior Material: Vinyl Siding
    Roof Details:
    • Age 8 Years or Less
    • Metal

    Lot & Land

    Acres: 0.39
    Geolocation: 45.874839, -95.374292
    Lot Dimensions: 116 150 116 150
    Zoning: Residential-Multi-Family

    Schools

    School District: 206
    District Phone: 320-762-2141

    Expenses

    Annual Electric Expense: $4,620
    Annual Fuel Expense: $1,440
    Annual Insurance Expense: $2,328
    Annual Gross Expense: None
    Annual Trash Expense: $552

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $3,556
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $3,556

    Income

    Annual Gross Income: $42,079

    Units

    Total Units: 3

    Miscellaneous

    Fuel System:
    • Electric
    • Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

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