For Sale: Alexandria MLS# 6697091
Active
NEW!
$899,900
Commercial: Apartments
Built 1958
1.2 acres
Alexandria schools
MLS# 6697091
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Property Description
13 unit apartment building now available in the heart of Alexandria, MN! Prime investment opportunity with strong income history! Conveniently located in the business district, right across the street from the Alexandria Clinic. This would make a great housing option for traveling nurses. Value-add opportunity right out of the gate with a Conditional use permit approved by the City to add up to 4 additional units on the property, allowing the next owner to boost their equity and cashflow. Property currently has 12 efficiency units and 1 larger 3BR 1 BA unit. Updates include new electric service panels, new kitchenettes in the efficiency units, designated 20 amp outlets for all the A/C's in each unit, and new concrete post style community mailboxes. Don't miss your chance to invest in this rare opportunity and build your portfolio in this thriving community with a strong rental market!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$899,900
Property Type:
Commercial
City:
Alexandria
Garage Spaces:
0
County:
Douglas
Year Built:
1958
State:
MN
Property Style:
Apartments
Zip Code:
56308
Interior
Ranges:
One
Refrigerators:
One Per Unit
Appliances Included:
- Cooktop
- Refrigerator
Basement Details:
Block
Exterior
Garage Spaces:
0
Other Parking Spaces:
26
Air Conditioning:
Wall Unit(s), Window Unit(s)
Foundation Size:
4,644 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Boiler
Parking Features:
Parking Lot
Shared Amenities:
Coin-op Laundry Owned
Road Frontage:
City Street
Exterior Material:
- Fiber Board
- Wood Siding
Roof Details:
Asphalt
Lot & Land
Acres:
1.2
Geolocation:
45.863201, -95.386588
Inclusions:
Building, Land, Leases
Lot Dimensions:
294 x 178
Zoning:
Business/Commercial
Schools
School District:
206
District Phone:
320-762-2141
Expenses
Annual Caretaker Expense:
None
Tenant Expenses:
None
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$4,638
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$6,316
Units
Total Units:
13
Miscellaneous
Current Use:
- Commercial
- Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of ConnCrete Realty Solutions.
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.