For Sale: Alexandria MLS# 6672264
Active Contingent
$424,900
Multi-family: Four Plex
Built 1976
3,588 sqft • 0.28 acres
Alexandria schools
MLS# 6672264
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Property Description
**Turnkey 4-Plex Investment Opportunity in Alexandria, MN â?? 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!**
Listing
Listing Status:
Active Contingent
Contingency:
Subject to Financing
List Price:
$424,900
Price per sq ft:
$118
Property Type:
Multi-family
City:
Alexandria
Garage Spaces:
4
County:
Douglas
Year Built:
1976
State:
MN
Property Style:
Four Plex
Zip Code:
56308
Subdivision Name:
Sub Of Blk E Of Nelsons 2nd A
Interior
Finished Area:
3,588 ft2
Living Area:
3,588 ft2
Ranges:
Four
Refrigerators:
Four
Basement Details:
Finished
Exterior
Stories:
Two
Garage Spaces:
4
Garage Dimensions:
50x24
Garage Size:
1,200 ft2
Garage Door Height:
7
Garage Door Width:
8
Foundation Size:
1,672 ft2
Foundation Dimensions:
50x33
Handicap Accessible:
None
Heating System:
Baseboard
Shared Amenities:
Coin-op Laundry Owned
Road Frontage:
City Street
Exterior Material:
Vinyl Siding
Roof Details:
Asphalt
Lot & Land
Acres:
0.28
Geolocation:
45.877234, -95.373611
Lot Dimensions:
80X150
Zoning:
Residential-Multi-Family
Schools
School District:
206
District Phone:
320-762-2141
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$2,985
Annual Fuel Expense:
None
Annual Insurance Expense:
$7,072
Annual Maintenance Expense:
$1,619
Annual Gross Expense:
$19,296
Annual Trash Expense:
$1,334
Annual Water/Sewer Expense:
None
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$4,720
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$4,720
Income
Annual Gross Income:
$50,520
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
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This amortization schedule shows how much of your monthly payment will go towards the principle and how
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| Month | Principal | Interest | P&I | Balance |
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| Year | Principal | Interest | P&I | Balance |
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 ConnCrete Realty Solutions.
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.