403 2nd Street NW Austin, MN 55912

$310,000
Active
estimated monthly payment
3,833 Sq Ft  |  Quadruplex  |  MLS # 6523307
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About The Listing

Units 1 through 4 feature identical layouts with 1 bedroom, 1 bathroom, and 1 bonus room, each rented at $650 monthly. Unit 5 offers a 2-bedroom, 1-bathroom layout with 1 bonus room, currently vacant, rents at $750. There's potential for a 6th unit - a top-floor attic already insulated and ready for customization. The owner covers all utilities and has maintained stable rents for years, offering potential for rent adjustments under new ownership. Managed locally, this property presents a hassle-free investment opportunity. Centrally located in Austin, Minnesota, the property enjoys proximity to modern conveniences. Third level ripe for development—ideal for a personalized owner-occupied space, or additional income. Do not wait, this will not last long! Unlock the potential of Southern Minnesota's healthcare boom with this exclusive investment opportunity!


Listing courtesy of Mike Wilen, Coldwell Banker Realty
Purchase Price
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Estimated Property Taxes
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Property Details

Features

 
 
 
Property Type: Other
Status: Active
Contingency Type: None
Year Built: 1900
MLS #: 6523307
Square Feet: 3,833
Price Per Square Foot: $81
Garage Spaces: 0
Sewer Description: City Sewer/Connected
Water: City Water/Connected
Heat Type: Forced Air
Basement: Partial
Construction Description: Metal Siding, Wood Siding
Days On Market (Continuous): 542
Disability Features: None
Latest Update: 05/13/2024
List Date: 04/22/2024
Listing Agent ID: 502026306
Listing Office: Coldwell Banker Realty
Listing Office ID: 5116
Data Source: NorthstarMLS - The Regional MLS of Minnesota
Lot Dimensions: 53x101
Lot Size: 0.12 Acres
School District: Austin
Tax Year: 2022
Estimated Taxes: $2,272
Contingency Type: None
City: Austin
Zip: 55912
County: Mower
Subdivision: Davidson
State: MN

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Listing last updated: 05/13/24

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