Sold: Albert Lea MLS# 6606613
Sold
$99,900 (list price)
$76,000
Multi-family: Duplex Up and Down
Built 1902
1,582 sqft • 0.14 acres
Albert Lea schools
MLS# 6606613
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Property Description
Cash flowing duplex now available. All leases on month to month lease. Double garage in back utilized by tenants. Tenants pay for electric, separately metered electric as well as gas. Currently owner pays for gas and city bill of water, sewer and garbage removal. Unit 601 has access to basement which has laundry facilities. Each unit has one parking space at back of property. Owner prefers to sell 601 Fountain together with 605 W Fountain at once and will provide discount for this to buyer.
Listing
Listing Status:
Sold
Contingency:
None
List Price:
$99,900
Sold Price:
$76,000
Sold Date:
10/31/2024
Price per sq ft:
$63
Property Type:
Multi-family
City:
Albert Lea
Garage Spaces:
2
County:
Freeborn
Year Built:
1902
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
56007
Interior
Finished Area:
1,582 ft2
Living Area:
1,582 ft2
Ranges:
Two
Refrigerators:
Two
Basement Details:
Unfinished
Exterior
Stories:
Two
Garage Spaces:
2
Garage Size:
576 ft2
Foundation Size:
791 ft2
Fencing:
None
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Baseboard
Parking Features:
Gravel
Road Frontage:
City Street
Exterior Material:
Wood Siding
Roof Details:
Asphalt
Lot & Land
Acres:
0.14
Geolocation:
43.651213, -93.375291
Lot Dimensions:
46.3 x 132.5
Zoning:
Residential-Multi-Family
Lot Description:
Tree Coverage - Medium
Schools
School District:
241
District Phone:
507-379-4800
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$236
Annual Fuel Expense:
$236
Annual Insurance Expense:
$1,528
Annual Maintenance Expense:
None
Annual Gross Expense:
$10,645
Annual Trash Expense:
$1,242
Annual Water/Sewer Expense:
$2,146
Tenant Expenses:
Cable TV, Electricity
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$1,962
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$2,094
Income
Annual Gross Income:
$12,156
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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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.
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!
Listing provided by RMLS,
courtesy of True Real Estate.
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.