Property Listing
Description
Whether you're looking to expand your investment portfolio or purchase a property with the opportunity to offset your mortgage, this versatile up/down duplex offers exceptional potential! It’s conveniently located in Albert Lea, has Central AC, a detached double garage, replacement windows, and great income-producing potential! There is flexibility to continue as a duplex or easily convert it back into a spacious single-family home. The main level unit: • Offers comfortable living space! • Three bedrooms with generous closet space and built-in storage • Full bathroom • Spacious living room • Large kitchen featuring abundant cabinetry The upper-level unit: • One-bedroom with large closet • Large bright living room area with newer carpet • Full bathroom with ample storage • A kitchen that opens to a private deck overlooking the neighborhood—an inviting space to relax and unwind. Additional features for this property include hardwood floors and charming built-ins! Based on current market rents, the property offers an estimated rental income potential of $1,850+ per month, with the main level projected at $1,000+ per month and the upper level at approximately $850 per month. The property is currently vacant, allowing a new owner the opportunity to select tenants and establish market rents from day one. Affordable duplexes continue to see strong buyer demand in Albert Lea, making this an attractive opportunity for investors, owner-occupants, or buyers seeking a property with future flexibility and upside potential.
Property Information
Status: Active
Sub Type: ********
List Price: $119,900
MLS#: 7113049
Current Price: $119,900
Address: 918 Jefferson Avenue, Albert Lea, MN 56007
City: Albert Lea
State: MN
Postal Code: 56007
Geo Lat: 43.640987
Geo Lon: -93.371627
Subdivision: Railroad Add
County: Freeborn
Property Description
Year Built: 1900
Lot Size SqFt: 6098.4
Gen Tax: 1500
Specials Inst: 0
High School: Albert Lea
Square Ft. Source:
Above Grade Finished Area: 1316
Below Grade Finished Area: 0
Below Grade Unfinished Area:
Total SqFt.: 1940
Style: Array
Total Bedrooms: 4
Total Bathrooms: 2
Total Full Baths:
Garage Type:
Garage Stalls: 2
Waterfront:
Property Features
Exterior:
Roof:
Foundation:
Lot Feat/Fld Plain:
Interior Amenities:
Inclusions: ********
Exterior Amenities:
Heat System:
Air Conditioning:
Utilities: