About This Home
This 7-bedroom, 3-bathroom residential multi family at 322 5th Avenue E in Alexandria, MN is listed for $219,900 ($76 per sqft). Built in 1900, the home offers 2,880 sqft of living space on a 0.23 acres lot.
Key Features
- Built in 1900
- 0.23 acre lot
Property Details
Duplex investment opportunity in the heart of Alexandria! Situated on a large corner lot, this property includes a 3-car garage and solid income potential. Both units are fully leased, generating immediate cash flow-upper unit rents for $1,200/month and the main floor unit for $1,250/month, totaling $29,400 annually.
Each unit offers approximately 1,440 sq. ft. of living space with functional layouts that appeal to long-term tenants. The property features vinyl siding, new roof in 2024, newer windows, and updated furnaces, along with shared laundry in the rear entry. While the property could benefit from some cosmetic updates, it presents a great opportunity for investors to build equity and increase rental income over time. Owner currently pays utilities.
Monthly Cost Estimate
$1,176/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
322 5th Avenue E
Alexandria, MN 56308
Original Alexandria
Features & Amenities
Exterior Features
Property Details
Construction
Parking
Heating
Questions & Answers
This 7-bedroom, 3-bathroom residential multi family at 322 5th Avenue E is listed at $219,900 ($76/sqft). The estimated monthly payment is $1,176 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1900, 0.23 acre lot. Exterior Features: Vinyl.
This property is listed by Kristine Telkamp and can be reached at (320) 762-1111.