For Sale: Albert Lea MLS# 7169299
Active
NEW!
$99,000
Multi-family: Duplex Up and Down
3 br • 2 ba • Built 1901
1,270 sqft • 0.114 acres
Albert Lea schools
MLS# 7169299
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Property Description
**Great Investment Opportunity with Income Potential!** Discover the possibilities at **817 Madison Ave, Albert Lea, MN!** This income-producing property is a fantastic opportunity for investors looking to add to their rental portfolio or buyers seeking a property with rental income potential. Featuring a **newer furnace and water heater**, this property offers valuable updates to help reduce future maintenance expenses. Whether you're a seasoned investor or just getting started, this is a great opportunity to own an income-generating property. **Don't miss your chance to make this investment yours!**
Listing
Listing Status:
Active
Contingency:
None
List Price:
$99,000
Price per sq ft:
$78
Property Type:
Multi-family
City:
Albert Lea
Garage Spaces:
0
County:
Freeborn
Year Built:
1901
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
56007
Subdivision Name:
Railroad Add
Interior
Bedrooms:
3
Bathrooms:
2
Finished Area:
1,270 ft2
Living Area:
1,270 ft2
Refrigerators:
One Per Unit
Basement Details:
Block
Exterior
Stories:
One and One Half
Garage Spaces:
0
Foundation Size:
775 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
Driveway - Other Surface
Roof Details:
Age 8 Years or Less
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.114
Geolocation:
43.642026, -93.372149
Lot Dimensions:
50 x 100
Zoning:
Residential-Multi-Family
Schools
School District:
241
District Phone:
5073794800
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$1,860
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$2,000
Income
Annual Gross Income:
None
Misc. Annual Income:
None
Misc. Monthly Income:
None
Rent
Annual Net Income:
None
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
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Coldwell Banker River Valley, REALTORS.
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.