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For Sale:  Austin MLS# 6772135

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Active NEW!
$159,900
/mo Edit
Multi-family:  Triplex
Built 1911
2,142 sqft • 0.12 acres
Austin schools
MLS# 6772135
763-576-8286
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    Property Description

    Priced to sell! Positive cash flow! This tri-plex is fully rented with month to month leasing in place (2 month notice to cancel). This is a fantastic buy for some lucky investor! This well taken care of property has made many recent mechanical and safety updates. Living in this convenient location to shopping and restaurants offers a sense of community amidst the old world charm of a by-gone era with its hard wood flooring, detailed woodwork and ample sized rooms. Each of these three units contains a living/dining area, 2 bedrooms, and full bath.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $159,900
    Price per sq ft: $75
    Property Type: Multi-family
    City: Austin
    Garage Spaces: 1
    County: Mower
    Year Built: 1911
    State: MN
    Property Style: Triplex
    Zip Code: 55912
    Subdivision Name: Heretofore

    Interior

    Finished Area: 2,142 ft2
    Living Area: 2,142 ft2
    Ranges: Three
    Refrigerators: Three
    Basement Details:
    • Block
    • Egress Window(s)
    • Partially Finished
    • Shared Access

    Exterior

    Stories: Two
    Garage Spaces: 1
    Garage Size: 324 ft2
    Foundation Size: 898 ft2
    Foundation Dimensions: 448x448
    Fencing: None
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Hot Water
    Parking Features:
    • Detached
    • Gravel
    • On-Street Parking Only
    Shared Amenities:
    • Laundry
    • Porch
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Sidewalks
    • Storm Sewer
    • Street Lights
    Exterior Material: Slate
    Roof Details:
    • Age 8 Years or Less
    • Asphalt

    Rooms

    Shared Rooms: Other

    Lot & Land

    Acres: 0.12
    Geolocation: 43.672203, -92.977044
    Lot Dimensions: 108 x 17 x 123 x 75
    Zoning: Residential-Multi-Family
    Lot Description:
    • Corner Lot
    • Some Trees

    Farm

    Topography: Level

    Schools

    School District: 492
    District Phone: 507-460-1900

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $2,058
    Annual Fuel Expense: $1,620
    Annual Insurance Expense: $1,430
    Annual Maintenance Expense: $475
    Annual Gross Expense: $10,434
    Annual Trash Expense: $756
    Annual Water/Sewer Expense: $900
    Tenant Expenses: Cable TV

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $2,342
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $2,342

    Income

    Annual Gross Income: $23,335

    Units

    Total Units: 3

    Miscellaneous

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

    Mortgage Calculator

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    Payment:  /mo

    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!

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    Listing provided by RMLS, courtesy of RE/MAX Results.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.