Property Listing
Description
Don’t miss this opportunity to own a triplex with a strong rental history in Alexandria. Based on the current rental income and purchase price, this property is currently performing at approximately 1.4%, surpassing the commonly used 1% rule—an increasingly difficult investment benchmark to find. With established rental income already in place, a new owner can begin cash flowing right away. As Alexandria continues to grow, rental demand remains strong. Whether you’re looking to expand your investment portfolio or live in one unit while the other two help offset your mortgage, this property offers excellent flexibility and income potential. The main floor features a spacious 2-bedroom unit along with an additional 1-bedroom unit. Upstairs, you’ll find another 2-bedroom unit. Shared coin-operated laundry is conveniently located in the basement, and the detached double garage offers additional parking, storage, or potential rental income. Conveniently located near downtown, parks, and everyday amenities, this is a great opportunity for both investors and owner-occupants. A minimum of 24-hour notice is required for showings; 48-hour notice is preferred.
Property Information
Status: Active
Sub Type: ********
List Price: $235,000
MLS#: 7098633
Current Price: $235,000
Address: 321 6th Avenue E, Alexandria, MN 56308
City: Alexandria
State: MN
Postal Code: 56308
Geo Lat: 45.886126
Geo Lon: -95.373335
Subdivision: Original Alexandria
County: Douglas
Property Description
Year Built: 1900
Lot Size SqFt: 6098.4
Gen Tax: 2258
Specials Inst: 0
High School: Alexandria
Square Ft. Source:
Above Grade Finished Area: 2564
Below Grade Finished Area: 0
Below Grade Unfinished Area:
Total SqFt.: 4364
Style: Array
Total Bedrooms: 5
Total Bathrooms: 3
Total Full Baths:
Garage Type:
Garage Stalls: 2
Waterfront:
Property Features
Exterior:
Roof:
Foundation:
Lot Feat/Fld Plain:
Interior Amenities:
Inclusions: ********
Exterior Amenities:
Heat System:
Air Conditioning:
Utilities: