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Active NEW!
$189,000
/mo Edit
Multi-family:  Triplex
Built 1890
2,167 sqft • 0.31 acres
Alexandria schools
MLS# 6742264
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    Property Description

    Solid Triplex sits on corner lot in the heart of Alexandria-close to hospital, downtown and parks. Three individual units with separate electric meters. Long-term renters in place with stable income history. Tenants responsible for electricity, cable and internet. Showings require a 24 hour notice. Whether you are expanding your portfolio or diving into your first investment, this is a solid opportunity in a high-demand rental market.

    Listing

    Contingency: None
    Price per sq ft: $87
    City: Alexandria
    County: Douglas
    State: MN
    Property Style: Triplex
    Zip Code: 56308
    Subdivision Name: Hicks 1st Add

    Interior

    Living Area: 2,167 ft2
    Ranges: Three
    Refrigerators: Three
    Basement Details: Partial

    Exterior

    Stories: Two
    Garage Spaces: 1
    Garage Dimensions: 14.4 x 29.3
    Garage Size: 421 ft2
    Foundation Size: 1,127 ft2
    Foundation Dimensions: 30x12x20.9x22.2x8.x10.4x32.9
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features:
    • Detached
    • On-Street Parking Only
    Road Frontage: City Street
    Exterior Material: Stucco
    Roof Details: Age 8 Years or Less

    Lot & Land

    Acres: 0.31
    Geolocation: 45.87988, -95.376576
    Lot Dimensions: 90 x 150
    Zoning: Residential-Multi-Family
    Lot Description: Many Trees

    Farm

    Topography: Level

    Schools

    School District: 206
    District Phone: 320-762-2141

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: $6,537
    Annual Insurance Expense: $6,537
    Annual Maintenance Expense: $653
    Annual Gross Expense: $6,537
    Annual Trash Expense: $820
    Annual Water/Sewer Expense: $1,075
    Tenant Expenses: Cable TV, Electricity, Insurance, Grounds Care, Snow Removal

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $2,696
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $2,696

    Income

    Annual Gross Income: $23,700

    Units

    Total Units: 3

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

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    Listing provided by RMLS, courtesy of Randy Fischer Real Estate, Inc.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.