Sold: Austin MLS# 6540217
Sold
$259,000 (list price)
$223,000
Multi-family: Duplex Side by Side
Built 1914
2,676 sqft • 0.21 acres
Austin schools
MLS# 6540217
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Property Description
Outstanding 6 bed, 2 bath duplex situated in the heart of Austin, MN. With a massive 2, 676 sq ft of living space split between two mirrored units, this property offers unbeatable value and income potential. Separate laundry rooms, garage spaces, and parking. Fully separate utilities allow for tenants to manage their own use. current tenants are on month-to-month leases after fulfilling long-term contracts, presenting a fantastic opportunity for the new owner. live in one unit while collecting rent from the other side. Or, seize this chance to propose new long-term leases at rental rates that are more aligned with today's market. the true prize lies in the duplex's exceptional location directly across from the Mayo Clinic. Residents can walk to work, dining, shopping, and entertainment in minutes, ensuring a steady stream of prospective renters from the hospital's staff and surrounding businesses. This property has demonstrated remarkable tenant stability over recent years.
Listing
Listing Status:
Sold
Contingency:
None
List Price:
$259,000
Sold Price:
$223,000
Sold Date:
08/30/2024
Price per sq ft:
$97
Property Type:
Multi-family
City:
Austin
Garage Spaces:
4
County:
Mower
Year Built:
1914
State:
MN
Property Style:
Duplex Side by Side
Zip Code:
55912
Subdivision Name:
Woodlawn Park Add
Interior
Finished Area:
2,676 ft2
Living Area:
2,676 ft2
Ranges:
Two
Refrigerators:
Two
Basement Details:
- Block
- Daylight/Lookout Windows
- Full
- Partially Finished
- Storage Space
- Tile Shower
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
4
Garage Dimensions:
24x32
Garage Size:
760 ft2
Foundation Size:
3,564 ft2
Fencing:
Partial, Privacy, Wood
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Hot Water
Parking Features:
- Asphalt
- Assigned
- Detached
- Garage Door Opener
- No Int Access to Dwelling
- Open
- Storage
Shared Amenities:
None
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
- Street Lights
Exterior Material:
Stucco
Roof Details:
Asphalt
Lot & Land
Acres:
0.21
Geolocation:
43.674507, -92.980053
Lot Dimensions:
68 x 135
Zoning:
Residential-Multi-Family
Lot Description:
Tree Coverage - Medium
Schools
School District:
492
District Phone:
507-460-1900
Expenses
Annual Caretaker Expense:
$2,930
Annual Insurance Expense:
$2,322
Annual Maintenance Expense:
$874
Annual Gross Expense:
$6,271
Tenant Expenses:
All Utilities
Financial & Taxes
Tax Year:
2023
Annual Taxes:
$3,014
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$3,014
Income
Annual Gross Income:
$26,640
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of Infinity Real Estate.
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.