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Active
$189,000
/mo Edit
Commercial:  2 Stories
Built 1939
0.14 acres
Albert Lea schools
MLS# 6648820
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    Property Description

    This property is a great investment opportunity. It has a one bed one bath apt and 3 storage units. 2 of the storage are currently rented out. The storage units are on a month to month lease. all utilities are separated for each unit. The 1 bed 1 bath apartment is currently filled with a tenant. Come and see this great investment opportunity today!

    Listing

    Contingency: None
    City: Albert Lea
    County: Freeborn
    State: MN
    Property Style: 2 Stories
    Zip Code: 56007
    Subdivision Name: College Add

    Interior

    Ranges: One
    Refrigerators: One

    Exterior

    Stories: Two
    Garage Spaces: 0
    Other Parking Spaces: 0
    Air Conditioning: None
    Foundation Size: 1,789 ft2
    Handicap Accessible: None
    Heating System: Forced Air
    Parking Features: On-Street Parking Only
    Shared Amenities: None
    Exterior Material: Block

    Lot & Land

    Acres: 0.14
    Geolocation: 43.653783, -93.382266
    Inclusions: Building
    Lot Dimensions: 67 x 132 x 67 x 126
    Zoning: Business/Commercial
    Lot Description: Corner Lot

    Schools

    School District: 241
    District Phone: 507-379-4800

    Expenses

    Annual Maintenance Expense: $400
    Tenant Expenses: All Utilities, Trash Collection

    Financial & Taxes

    Tax Year: 2023
    Annual Taxes: $1,098
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $1,162

    Income

    Annual Gross Income: $18,000

    Units

    Total Units: 4

    Miscellaneous

    Current Use:
    • Residential
    • Storage Facility
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Separate
    • Heating Separate
    • Hot Water Separate
    Water System: City Water/Connected

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    Payment:  /mo

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