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Active NEW!
$199,950
/mo Edit
Multi-family:  Duplex Up and Down
Built 1930
2,660 sqft • 1.99 acres
Albert Lea schools
MLS# 6733410
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    Property Description

    This 3-Unit Rental Property on 2 wooded Acres only 3.0 miles, 7 minutes, from downtown Albert Lea is a great investment, or owner-occupied, opportunity. There is a heated 2 car garage attached to the home through a breezeway and each of the units has its own laundry. There is a 1-Bedroom unit upstairs, a 3-Bedroom unit on the main level and a 2-Bedroom unit in the basement. There is also a lot of extra unfinished space in the basement for storage or a shop. There have been many updates to this rental property and each unit has been occupied by the owner and the owners family.

    Listing

    Contingency: None
    Price per sq ft: $75
    City: Albert Lea Twp
    County: Freeborn
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 56007

    Interior

    Living Area: 2,660 ft2
    Ranges: One Per Unit
    Refrigerators: One Per Unit
    Basement Details: Block

    Exterior

    Stories: Three Level Split
    Garage Spaces: 2
    Garage Dimensions: 24x26
    Garage Size: 624 ft2
    Foundation Size: 1,376 ft2
    Foundation Dimensions: 28x56
    Handicap Accessible: None
    Road Responsibility: Road Maintenance Agreement
    Heating System: Forced Air
    Parking Features:
    • Attached Garage
    • Gravel
    • Heated Garage
    • Parking Lot
    • Shared Driveway
    • Shared Garage/Stall
    Shared Amenities:
    • Patio
    • Porch
    Road Frontage:
    • County Road
    • Other
    • Unpaved Streets
    Exterior Material: Vinyl Siding
    Roof Details:
    • Age 8 Years or Less
    • Age Over 8 Years
    • Asphalt
    • Flat
    • Pitched

    Rooms

    Shared Rooms: Other

    Lot & Land

    Acres: 1.99
    Geolocation: 43.609092, -93.369144
    Lot Dimensions: 336 x 276
    Zoning:
    • Agriculture
    • Residential-Multi-Family
    • Residential-Single Family
    Lot Description:
    • Irregular Lot
    • Many Trees

    Farm

    Topography: High Ground, Hilly, Wooded

    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: None
    Annual Maintenance Expense: None
    Annual Gross Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: Cable TV

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $1,726
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $1,788

    Income

    Annual Gross Income: None

    Units

    Total Units: 3

    Miscellaneous

    Fuel System: Propane
    Owner Occupied: Yes
    Sewer System:
    • Septic System Compliant - Yes
    • Shared Septic
    Water System:
    • Shared System
    • Well

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    Payment:  /mo

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