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For Sale:  Austin MLS# 7004305

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Active
$310,000
/mo Edit
Multi-family:  Fourplex
8 br • 4 ba • Built 1900
3,833 sqft • 0.123 acres
Austin schools
MLS# 7004305
763-576-8286
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    Property Description

    Capitalize on Southern Minnesota’s growing healthcare and housing demand with this rare multi-unit investment opportunity in the heart of Austin. Centrally located and positioned for long-term appreciation, this property offers strong in-place cash flow, value-add potential, and flexibility in one of the region’s most stable rental markets. Unit 1: 1 Bed / 1 Bath / Bonus Room / $650 month. Unit 2: 1 Bed / 1 Bath / Bonus Room / $650 month. Unit 3: 1 Bed / 1 Bath / Bonus Room / $650 month. Unit 4: 1 Bed / 1 Bath / Bonus Room / $650 month. Unit 5: 2 Bed / 1 Bath / Bonus Room / $750 month. An insulated top-floor attic, considered Unit 6, is already prepared for finishing and presents excellent future upside with the potential for an additional unit or expanded living space, subject to city approval. Owner currently pays all utilities. Conveniently located just minutes from downtown Austin, major employers, parks, shopping, and healthcare facilities, this property benefits from a strong rental location with continued demand growth. Whether expanding an investment portfolio or entering the multifamily market, this Austin asset presents an attractive combination of current income, expansion potential, and long-term value.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $310,000
    Price per sq ft: $81
    Property Type: Multi-family
    City: Austin
    Garage Spaces: 0
    County: Mower
    Year Built: 1900
    State: MN
    Property Style: Fourplex
    Zip Code: 55912
    Subdivision Name: Davidson

    Interior

    Bedrooms: 8
    Bathrooms: 4
    Finished Area: 3,833 ft2
    Living Area: 3,833 ft2
    Basement Details: Partial

    Exterior

    Stories: Two
    Garage Spaces: 0
    Foundation Size: 1,916 ft2
    Handicap Accessible: None
    Heating System: Forced Air
    Roof Details: Asphalt

    Lot & Land

    Acres: 0.123
    Geolocation: 43.6697977665, -92.9857608479
    Lot Dimensions: 53 x 101

    Schools

    School District: 492
    District Phone: 5074601900

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: None

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $2,272
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $2,272

    Income

    Annual Gross Income: None

    Units

    Total Units: 4

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of Coldwell Banker Realty - Lakes.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.