Property Listing
Description
This is your chance to own a fully leased, income generating triplex on high-visibility Oakland Ave., one of the busiest and best located streets in Austin, MN. With strong current rents totaling $3800/month, plus untapped potential for additional $200+ monthly garage rental and coin operated laundry, this property is a cash flow machine from day one. The building features 3 units - one fully renovated 1 bed/1 bath (previously an office, brand new inside), and two spacious 2 bed/1 bath units. Tenants love the location and layout, and leases are solid, with one locked in for two years. Recent updates include a new roof (under 6 months old), insuring low maintenance for years to come. Whether you're looking to add a strong performer to your portfolio or get started in multifamily investing, this property delivers stable income, location appeal, and future upside.
Property Information
Status: Active
Sub Type: ********
List Price: $350,000
MLS#: 6714558
Current Price: $350,000
Address: 1110 W Oakland Avenue, Austin, MN 55912
City: Austin
State: MN
Postal Code: 55912
Geo Lat: 43.666859
Geo Lon: -92.988413
Subdivision: Yates & Lewis
County: Mower
Property Description
Year Built: 1920
Lot Size SqFt: 6098.4
Gen Tax: 2464
Specials Inst: 136
High School: ********
Square Ft. Source:
Above Grade Finished Area:
Below Grade Finished Area:
Below Grade Unfinished Area:
Total SqFt.: 3933
Style: Array
Total Bedrooms: 5
Total Bathrooms: 3
Total Full Baths:
Garage Type:
Garage Stalls: 2
Waterfront:
Property Features
Exterior:
Roof:
Foundation:
Lot Feat/Fld Plain: Array
Interior Amenities:
Inclusions: ********
Exterior Amenities:
Heat System:
Air Conditioning:
Utilities: