$ 310,000
403 2nd ST NW Austin, MN 55912
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$ 310,000
Est. payment | /mo
3,833 SqFt
$ 310,000
Est. payment | /mo
3,833 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,833 sqft
Price per Sqft $80
Subdivision Davidson
MLS Listing ID 6629460
Year Built 1900
Annual Tax Amount $2,272
Tax Year 2022
Contingent None
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 53x101
Property Description
Units 1 through 4 feature identical layouts with 1 bedroom, 1 bathroom, and 1 bonus room, each rented at $650 monthly. Unit 5 offers a 2-bedroom, 1-bathroom layout with 1 bonus room, currently vacant, rents at $750. There's potential for a 6th unit - a top-floor attic already insulated and ready for customization. The owner covers all utilities and has maintained stable rents for years, offering potential for rent adjustments under new ownership. Managed locally, this property presents a hassle-free investment opportunity. Centrally located in Austin, Minnesota, the property enjoys proximity to modern conveniences. Third level ripe for development—ideal for a personalized owner-occupied space, or additional income. Do not wait, this will not last long! Unlock the potential of Southern Minnesota's healthcare boom with this exclusive investment opportunity!
Location
State MN
County Mower
Rooms
Basement Partial
Interior
Heating Forced Air
Fireplace No
Building
Story Two
Foundation 1916
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Metal Siding,Wood Siding
New Construction false
Schools
School District Austin
Listed by Mike Wilen • Coldwell Banker Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "