For Sale: Austin MLS# 7004319
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Property Description
Rare opportunity to acquire a bundled multi family investment portfolio in Southern Minnesota offered as a single package with immediate scale and diversified unit mix, including a four unit property at 403 2nd Street NW in Austin, a two unit property at 509 4th Street in Albert Lea, a two unit property at 309 3rd Avenue in Austin, and a two unit property at 404 South Main Street in Austin, for a combined total of ten residential units across four properties, encompassing approximately 9, 299 finished square feet, 26 total bedrooms, and combined annual property taxes of approximately $6, 808, with all properties currently tenant occupied on month to month leases providing flexibility for repositioning, rent optimization, or long term hold strategies in stable Southern Minnesota rental markets.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$796,000
Property Type:
Commercial
City:
Austin
Garage Spaces:
1
County:
Mower
Year Built:
1900
State:
MN
Property Style:
Other
Zip Code:
55912
Subdivision Name:
Davidson
Exterior
Garage Spaces:
1
Foundation Size:
9,299 ft2
Handicap Accessible:
Other
Heating System:
- Baseboard
- Boiler
Parking Features:
Other
Lot & Land
Acres:
0.123
Geolocation:
43.669434, -92.977541
Inclusions:
Building, Other
Lot Dimensions:
Irregular
Zoning:
Residential-Multi-Family
Schools
School District:
1825
District Phone:
5074601900
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$3,408
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$3,408
Units
Total Units:
10
Miscellaneous
Current Use:
Residential
Fuel System:
- Electric
- Natural Gas
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 Coldwell Banker 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.