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Key Details
Sold Price $434,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,588 sqft
Price per Sqft $120
Subdivision Sub Of Blk E Of Nelsons 2Nd A
MLS Listing ID 6672264
Sold Date 03/28/25
Year Built 1976
Annual Tax Amount $4,720
Tax Year 2024
Contingent None
Lot Size 0.280 Acres
Acres 0.28
Lot Dimensions 80X150
Property Sub-Type Quadruplex
Property Description
**Turnkey 4-Plex Investment Opportunity in Alexandria, MN – Fully Leased & Cash Flowing!**
Don't miss this incredible opportunity to own a fully occupied 4-plex in the heart of Alexandria, MN! This well-maintained property is an investor's dream, generating steady cash flow with even more potential for value-add.
**Property Highlights:**
- **4 Fully Leased Units:**
- (3) 2-Bed, 1-Bath Units
- (1) 1-Bed, 1-Bath Unit
- New Roof Summer 2024!
- **Tenant-Friendly Features:** Electric baseboard heat, air conditioning in each unit, coin laundry, and a 4 stall garage out back!
- **Great Condition:** Well-maintained and ready to go, this is a turn key investment from day 1!
- **Investment Potential:** Opportunity to increase cash flow and equity by converting space into a **5th unit!**
This is a prime opportunity for any investor looking to step into a **cash-flowing property with upside potential.** Located in a desirable rental market, this property will continue to attract tenants and deliver strong returns.
**Schedule a showing today and take the next step toward growing your real estate portfolio!**
Location
State MN
County Douglas
Zoning Residential-Multi-Family
Rooms
Basement Finished
Interior
Heating Baseboard
Fireplace No
Exterior
Garage Spaces 4.0
Roof Type Asphalt
Building
Story Two
Foundation 1672
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Vinyl Siding
New Construction false
Schools
School District Alexandria
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