1407 State Highway 29 N, Alexandria, 56308

Residential Income - Quadruplex For Sale


MLS® #: 5553207
Active, 53 Days on Market

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
Acres: 1.01
Year Built: 1954
Type: Residential Income
Sub-Type: Quadruplex
Status: Active

Community Information

Address: 1407 State Highway 29 N
City: Alexandria
County: Douglas
State: MN
Zip Code: 56308

School Information

District: Alexandria

Additional Information

Days on Market: 53
Zoning: Residential-Multi-Family

Listing Details

Listing Office: Century 21 First Realty, Inc.

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Listing information last updated on June 6th, 2020 at 6:20am CDT.