For Sale: Austin MLS# 6825866
Active
NEW!
$550,000
Multi-family: 2 Stories
Built 1903
6,338 sqft • 0.212 acres
MLS# 6825866
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Property Description
Opportunity and value in Downtown Austin Minnesota. 9 updated units. Ample parking, with great cash flow! Total rents are $7, 605, and Management could transfer with the new owner. This has some nice updates throughout the units and mechanics, it also features a brand new roof in 2025. See supplement for related information and income/expenses.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$550,000
Price per sq ft:
$87
Property Type:
Multi-family
City:
Austin
Garage Spaces:
4
County:
Mower
Year Built:
1903
State:
MN
Property Style:
2 Stories
Zip Code:
55912
Subdivision Name:
Berry S Add
Interior
Bedrooms:
0
Bathrooms:
0
Finished Area:
6,338 ft2
Living Area:
6,338 ft2
Basement Details:
Finished
Exterior
Stories:
Two
Garage Spaces:
4
Garage Size:
600 ft2
Foundation Size:
1,200 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
- Carport
- Detached Garage
- Driveway - Other Surface
Exterior Material:
Frame
Roof Details:
- Age 8 Years or Less
- Asphalt
Lot & Land
Acres:
0.212
Geolocation:
43.663991, -92.975168
Lot Dimensions:
99 x 93
Zoning:
Business/Commercial
Lot Description:
Irregular Lot
Schools
School District:
1825
District Phone:
5074601900
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
$17,212
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Trash Expense:
$2,283
Annual Water/Sewer Expense:
None
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$6,902
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$6,902
Income
Annual Gross Income:
$91,260
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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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!
Listing provided by RMLS,
courtesy of Compass.
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.