1407 State Highway 29 N, Alexandria

$195,000

0 Beds
0 Baths
1.01 Acres
0 Garages

4-unit income property with central air. Seller installed a new forced air furnace and water softener in 2018. This property has great cash flow currently generating $2900 per month including 2 HRA units. Each unit has its own basic appliances and a washer & dryer, all utilities are included in the rent and paid by the owner. The location couldn't be better for a commercial business use, the City of Alexandria has been contacted about this property and they have stated that they would like to see this property used commercially and it "could" be re-zoned for commercial use. City water has been stubbed into the property and the assessment has been paid, a private well serves the property now.

Essential Information
MLS® #5553207
Price$195,000
Acres1.01
Year Built1954
TypeResidential Income
Sub-TypeQuadruplex
StatusActive
Community Information
Address1407 State Highway 29 N
CityAlexandria
CountyDouglas
StateMN
Zip Code56308
School Information
DistrictAlexandria
Additional Information
Days on Market50
ZoningResidential-Multi-Family
Listing Details
OfficeCentury 21 First Realty, Inc.
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Listing information last updated on June 2nd, 2020 at 9:24pm CDT.