For Sale: Albert Lea MLS# 6645385
Active Contingent
$206,777
Multi-family: Duplex Side by Side
Built 1976
1,692 sqft • 0.47 acres
Albert Lea schools
MLS# 6645385
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Property Description
Fantastic Investment Opportunity!
Don’t miss this rare find with strong cash flow potential! Live in one side and rent out the other for extra income — or add this turnkey duplex to your portfolio.
Each unit features:
2 bedrooms, 1 bath, kitchen, and spacious living room on the main floor
Full basement for storage or future expansion
Attached garage and private deck (recently refaced with new lumber)
Updated flooring throughout
Appliances included
The west unit has been completely remodeled — including new flooring, fresh paint, updated bathroom, modern kitchen, and brand-new appliances. It’s move-in ready and sure to impress!
Additional updates include new garage doors and storm doors.
All of this sits on an extra-large lot (nearly half an acre) — offering plenty of room to build that dream 30x36 garage or expand further (check with the city for details).
This property truly has it all — value, versatility, and potential!
Priced to sell — don’t wait!
Listing
Listing Status:
Active Contingent
Contingency:
Sale of Another Property
List Price:
$206,777
Price per sq ft:
$122
Property Type:
Multi-family
City:
Albert Lea
Garage Spaces:
2
County:
Freeborn
Year Built:
1976
State:
MN
Property Style:
Duplex Side by Side
Zip Code:
56007
Interior
Finished Area:
1,692 ft2
Living Area:
1,692 ft2
Ranges:
Two
Refrigerators:
Two
Basement Details:
- Block
- Full
- Sump Pump
- Unfinished
Exterior
Stories:
One
Garage Spaces:
2
Garage Dimensions:
22x22
Garage Size:
484 ft2
Garage Door Height:
7
Garage Door Width:
9
Foundation Size:
1,692 ft2
Foundation Dimensions:
1692
Fencing:
None
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
Attached Garage
Road Frontage:
City Street
Exterior Material:
Wood Siding
Roof Details:
Asphalt
Lot & Land
Acres:
0.47
Geolocation:
43.6767365043, -93.3617820539
Lot Dimensions:
135 x 150
Zoning:
Residential-Multi-Family
Lot Description:
Corner Lot
Farm
Topography:
Level
Schools
School District:
241
District Phone:
507-379-4800
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$2,000
Annual Maintenance Expense:
$1,000
Annual Gross Expense:
$6,960
Annual Trash Expense:
$380
Annual Water/Sewer Expense:
$1,200
Tenant Expenses:
Cable TV, Electricity, Gas
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$3,206
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$3,338
Income
Annual Gross Income:
$16,140
Misc. Annual Income:
None
Misc. Monthly 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 Unique Realty.
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.