For Sale: Alexandria MLS# 6540458
Active
$565,000
Commercial: Apartments/Retail
Built 1940
1.15 acres
Alexandria schools
MLS# 6540458
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Property Description
Attention Investors! Step right into your next investment with this property that can wear many hats. Right in the heart of lakes country sits this nicely managed and remodeled mixed use space. Looking to move your business or office, and make some nice rental money to boot? Here you go! Apartment 1 is a 3 bed 2 bath unit that rents for $1425, apartment 2 is a 2 bed 1 bath and currently rents for $1275, and apartment 3 is a 3 bed 1 bath and rent is $1475. The commercial space is currently owner-occupied, so there is even more income producing potential! Looking to move your business? This would be a great spot to move your boutique/coffee shop, a water equipment rental shop, an art gallery(current use), a professional office space or even a bait shop! Whether you're adding to your portfolio, or just starting your investment journey, the possibilities are plentiful, and this is a must see.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$565,000
Property Type:
Commercial
City:
Alexandria
County:
Douglas
Year Built:
1940
State:
MN
Property Style:
Apartments/Retail
Zip Code:
56308
Subdivision Name:
Carlos Div Of East Add To Thr
Interior
Ranges:
Three
Refrigerators:
Three
Appliances Included:
- Dishwasher
- Dryer
- Exhaust Fan
- Range
- Refrigerator
- Washer
Basement Details:
- Block
- Unfinished
Exterior
Other Parking Spaces:
10
Air Conditioning:
Central Air
Foundation Size:
4,996 ft2
Foundation Dimensions:
Irrregular
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
Gravel
Shared Amenities:
Coin-op Laundry Owned
Road Frontage:
City Street
Exterior Material:
Wood Siding
Roof Details:
- Age 8 Years or Less
- Age Over 8 Years
- Flat
- Metal
Lot & Land
Acres:
1.15
Geolocation:
45.933626, -95.366611
Inclusions:
Building, Land
Lot Dimensions:
Irregular
Zoning:
Business/Commercial
Lot Description:
- Cleared
- Tree Coverage - Light
Schools
School District:
206
District Phone:
320-762-2141
Expenses
Annual Insurance Expense:
$3,800
Annual Gross Expense:
$18,000
Tenant Expenses:
None
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$5,778
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,778
Income
Annual Gross Income:
$50,000
Units
Total Units:
5
Miscellaneous
Current Use:
- Commercial
- Office
- Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
- Hot Water Common
Water System:
Well
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Listing provided by RMLS,
courtesy of Real Estate by Jo, LLC.
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.