For Sale: Alexandria MLS# 6823527
Active
NEW!
$350,000
Commercial: Apartments
Built 1960
0.57 acres
Alexandria schools
MLS# 6823527
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Property Description
Investment/Owner-Occupant Opportunity
Property Highlights
Total Units: 3
Total Bedrooms: 13
Total Bathrooms: 5+
Don't miss this exceptional investment property located in the heart of Alexandria, MN. With a combined 13 bedrooms, this triplex offers excellent rental income potential, especially catering to the high-demand student and local housing market.
The unique configuration and abundant parking (a massive 12-stall garage plus off-street spots) make this property a true standout. Investors can explore additional income streams by getting creative with the expansive building footprint and unused portions of the building.
Unit Breakdown
This building features three spacious units, providing flexible rental options:
Unit 1 (Standard): 3 Bedrooms / 1 Bathroom
Unit 2 (High-Demand): 5 Large Bedrooms / 2 Full Bathrooms
Unit 3 (High-Demand): 5 Large Bedrooms / 2 Full Bathrooms
Location, location, location! Situated in a highly desirable area of Alexandria, tenants will enjoy unparalleled convenience. Just minutes away from Alexandria Technical & Community College (ATCC), making it an ideal choice for student rentals. City Center Access: Quick and easy access to the main attractions and employment centers of Alexandria
Extra Space: Lots of extra space throughout the property provides incredible opportunities for upgrades, common area creation, or simply more tenant storage. This is more than just a multi-family unit—it's a massive income generator in a prime location. Schedule your showing today to explore the endless possibilities!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$350,000
Property Type:
Commercial
City:
Alexandria
Garage Spaces:
10
County:
Douglas
Year Built:
1960
State:
MN
Property Style:
Apartments
Zip Code:
56308
Subdivision Name:
Anderson Heritage
Exterior
Stories:
Two
Garage Spaces:
10
Garage Dimensions:
93 x 23
Garage Size:
2,132 ft2
Other Parking Spaces:
10
Air Conditioning:
Central Air
Foundation Size:
8,326 ft2
Handicap Accessible:
Partially Wheelchair
Heating System:
Forced Air
Parking Features:
- Asphalt
- Attached Garage
- Parking Garage
- Tandem
Exterior Material:
- Brick/Stone
- Wood Siding
Lot & Land
Acres:
0.57
Geolocation:
45.884407, -95.373514
Inclusions:
Building
Lot Dimensions:
170 x 150
Zoning:
- Other
- Residential-Single Family
Schools
School District:
206
District Phone:
320-762-2141
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$4,286
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$4,286
Units
Total Units:
3
Miscellaneous
Current Use:
Other
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
Electric Common
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 Central MN Realty LLC.
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.