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$796,000
Est. payment /mo
5,357 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Davidson
MLS Listing ID 7004319
Year Built 1900
Annual Tax Amount $3,408
Tax Year 2025
Contingent None
Lot Size 5,357 Sqft
Acres 0.123
Lot Dimensions Irregular
Property Description
Rare opportunity to acquire a bundled multi family investment portfolio in Southern Minnesota offered as a single package with immediate scale and diversified unit mix, including a four unit property at 403 2nd Street NW in Austin, a two unit property at 509 4th Street in Albert Lea, a two unit property at 309 3rd Avenue in Austin, and a two unit property at 404 South Main Street in Austin, for a combined total of ten residential units across four properties, encompassing approximately 9,299 finished square feet, 26 total bedrooms, and combined annual property taxes of approximately $6,808, with all properties currently tenant occupied on month to month leases providing flexibility for repositioning, rent optimization, or long term hold strategies in stable Southern Minnesota rental markets.
Location
State MN
County Mower
Zoning Residential-Multi-Family
Interior
Heating Baseboard, Boiler
Inclusions Building, Other
Fireplace No
Exterior
Parking Features Other
Garage Spaces 1.0
Utilities Available Electric Common
Present Use Residential
Building
Foundation 9299
Sewer City Sewer/Connected
Water City Water/Connected
New Construction false
Schools
School District Austin
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Listed by Michael Wilen • Coldwell Banker Realty
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Carson Brooks
VP and Managing Broker | License ID: 20593288
VP and Managing Broker License ID: 20593288