For Sale: Austin MLS# 6557833
Active
NEW!
$450,000
Multi-family: Apartments
Built 1928
8,040 sqft•0.12 acres
Austin schools
MLS# 6557833
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Property Description
Come look at this 8 unit apt building. It is right on main street and across from the public pool, within walking distance of the restaurants and shops on main st and the walking/biking trail that goes around the lake. This property would be a great addition to your portfolio if you are an investor or a first time investment property. You could live in one unit and the rent for the other 7 units will pay your expenses!! The property was appraised last year for $490k! 7 of the 8 units are currently rented out.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$450,000
Price per sq ft:
$56
Property Type:
Multi-family
City:
Austin
County:
Mower
Year Built:
1928
State:
MN
Property Style:
Apartments
Zip Code:
55912
Interior
Finished Area:
8,040 ft2
Living Area:
8,040 ft2
Ranges:
One Per Unit
Refrigerators:
One Per Unit
Basement Details:
- Finished
- Partially Finished
Exterior
Stories:
Two
Foundation Size:
2,680 ft2
Fencing:
None
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
Off Site
Road Frontage:
Private Road
Exterior Material:
Brick/Stone
Lot & Land
Acres:
0.12
Geolocation:
43.670887, -92.975027
Lot Dimensions:
5271
Schools
School District:
492
District Phone:
507-460-1900
Expenses
Annual Electric Expense:
$5,280
Annual Fuel Expense:
$300
Annual Insurance Expense:
$3,051
Annual Maintenance Expense:
$3,000
Annual Gross Expense:
$5,000
Annual Water/Sewer Expense:
$305
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2023
Annual Taxes:
$3,932
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$3,932
Income
Annual Gross Income:
$57,426
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer - In Street
Water System:
City Water - In Street
Mortgage Calculator
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Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
Listing provided by RMLS,
courtesy of Homes Plus Realty.
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.