321 6th Avenue E

Alexandria, MN 56308

About this property

Don’t miss this opportunity to own a triplex with a strong rental history in Alexandria. Based on the current rental income and purchase price, this property is currently performing at approximately 1.4%, surpassing the commonly used 1% rulean increasingly difficult investment benchmark to find. With established rental income already in place, a new owner can begin cash flowing right away. As Alexandria continues to grow, rental demand remains strong. Whether you’re looking to expand your investment portfolio or live in one unit while the other two help offset your mortgage, this property offers excellent flexibility and income potential. The main floor features a spacious 2-bedroom unit along with an additional 1-bedroom unit. Upstairs, you’ll find another 2-bedroom unit. Shared coin-operated laundry is conveniently located in the basement, and the detached double garage offers additional parking, storage, or potential rental income. Conveniently located near downtown, parks, and everyday amenities, this is a great opportunity for both investors and owner-occupants. A minimum of 24-hour notice is required for showings; 48-hour notice is preferred.

About this property

Don’t miss this opportunity to own a triplex with a strong rental history in Alexandria. Based on the current rental income and purchase price, this property is currently performing at approximately 1.4%, surpassing the commonly used 1% rulean increasingly difficult investment benchmark to find. With established rental income already in place, a new owner can begin cash flowing right away. As Alexandria continues to grow, rental demand remains strong. Whether you’re looking to expand your investment portfolio or live in one unit while the other two help offset your mortgage, this property offers excellent flexibility and income potential. The main floor features a spacious 2-bedroom unit along with an additional 1-bedroom unit. Upstairs, you’ll find another 2-bedroom unit. Shared coin-operated laundry is conveniently located in the basement, and the detached double garage offers additional parking, storage, or potential rental income. Conveniently located near downtown, parks, and everyday amenities, this is a great opportunity for both investors and owner-occupants. A minimum of 24-hour notice is required for showings; 48-hour notice is preferred.

Features and Additional Information

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$235,000 Pending
2,564 sqft

Presented By Coldwell Banker Crown Park Rapids

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Get in touch today! Phone: 1-218-732-3381
Brokerage
Central MN Realty LLC
1-320-363-4363
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Area Information

| Douglas County | Original Alexandria

$ 235,000
This listing is play_arrow 18.9% lower than the average in the area
$ 289,900 in the area
2,564 SqFt
This listing is play_arrow 26.2% larger than the average in the area
2,033 SqFt in the area
$ 92 $/SqFt
This listing is play_arrow 38.8% less than the average in the area
$ 150 $/SqFt in the area
58 days on site
This listing is play_arrow 123.1% above the average in the area
26 days on site in the area

Schools in the Area

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    Elementary School
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    Middle School
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    High School
    Alexandria
Listed By Saige Haecherl
Brokerage: Central MN Realty LLC

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