Albert Lea, MN 56007

$279,900
MLS #/Web ID: 4087906
4087906

Multi-Family Home for sale in Albert Lea, MN

for $279,900 with 9 bedrooms and 2 full baths, 1 three quarter bath. This 5,718 square foot home was built in 1976 on a lot size of 0.64 Acre(s).

Property Information

  • $279,900
  • 9 Bedrooms
  • 2 Full Baths, 1 Three Quarter Bath
  • Multi-Family
  • 5,718 Square Feet
  • Taxes are $4,031
  • Active
  • 2 Floors
  • Lot size of 0.64 Acre(s)
  • Built in 1976
  • Albert Lea, MN
  • Freeborn County
  • MLS/Web ID is 4087906

Description

Great income property opportunity in the southwest Albert Lea area. This 5-plex facility offers 4- 2 bedroom unites and 1- 1 bedroom unit with 9 total bedrooms and 5 total bathrooms. Most apartments have been upgraded with fresh paint, laminate floors, vinyl siding and newer roof. Go to documents for profit/loss sheet & other details.

Interior 5

Appliances

  • Dishwasher
  • Disposal
  • Dryer
  • Exhaust Fan
  • Range/Oven
  • Refrigerator
  • Washer
  • Washer/Dryer Hook Up

Cooling System

  • Ceiling Fan(s)
  • Wall Unit(s)

Heating Source

  • Natural Gas

Heating System

  • Forced Air

Water Source

  • City Water

Exterior 9

Construction

  • Concrete Block
  • Frame/Wood

Driveway

  • Gravel/Crushed Stone Driveway

Exterior

  • Deck
  • Patio
  • Storage / Out Building / Shed

Garage

  • Attached
  • Garage Door Opener

Land Improvements

  • Curbs & Gutters

Lot Description

  • Landscaping
  • Wooded / Trees

Road Frontage

  • Gravel Road
  • Other
  • Paved
  • Unpaved

Roof

  • Asphalt Shingles

Siding

  • Vinyl

Rental 2

Landlord Pays

  • Lawn Care
  • Snow Removal
  • Trash/Garbage Pickup
  • Water & Sewer

Tenant Pays

  • Cable
  • Electric

† Excluded Feature

Neighborhood & Schools

School District: Albert Lea

 See complete school information

Listed By

Broker: RON HOLTAN REAL ESTATE

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or Call us at 1-800-839-1363

Market Pricing

Average % of sale price Median % of sale price
All listings in Albert Lea $336,803 20 % above $155,000 45 % below
Multi-family listings in Albert Lea $185,080 34 % below $199,900 29 % below

Get the facts about Albert Lea, MN!

Population 17,923
Population Growth (since 2000) -3 %
Median Income $38,543
Median Age 43.43
Households w/ Children 26 %

Residential Dwellings

  • Owned 5465
  • Vacant 611
  • Rented 2282

Similar Listings

Get an Immediate Callback from 9:00 AM - 10:30 PM EST
or Call us at 1-800-839-1363