$290,000
$298,000
2.7%For more information regarding the value of a property, please contact us for a free consultation.
1407 State Highway 29 N Alexandria, MN 56308
5,304 SqFt
Key Details
Sold Price $290,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 5,304 sqft
Price per Sqft $54
MLS Listing ID 6546934
Sold Date 07/25/24
Year Built 1954
Annual Tax Amount $3,606
Tax Year 2024
Contingent None
Lot Size 1.010 Acres
Acres 1.01
Lot Dimensions 167x262x168x263
Property Description
4-unit income property with central air and a steady income history. This property has solid cash flow, currently generating $3650.00 per month. The roof was replaced in 2021, and the well pump was replaced in 2022, along with many updates (See Supplement in Documents). These units are spacious and rarely vacant. Each unit has its own basic appliances and a washer & dryer, all utilities are included in the rent and paid by the owner. City water has been stubbed into the property and the assessment has been paid, a private water well with a new pump serves the property now. The yard is big and beautiful with many trees with a beautiful stream flowing through between Lakes Geneva & Le Homme Dieu.
Location
State MN
County Douglas
Zoning Residential-Multi-Family
Rooms
Basement Block, Finished, Full
Interior
Heating Baseboard, Forced Air
Fireplace No
Exterior
Parking Features Gravel, Paved
Roof Type Asphalt,Pitched,Shingle
Building
Story Two
Foundation 1528
Sewer City Sewer/Connected
Water Drilled, Private, Well
Level or Stories Two
Structure Type Vinyl Siding,Wood Siding
New Construction false
Schools
School District Alexandria
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