403 2nd Street NW Austin, MN 55912
Listing Courtesy of: NORTHSTAR MLS / Coldwell Banker Realty / Mike Wilen - Contact:  612-400-9000

  403 2nd Street NW Austin, MN 55912

Active (758 Days)
$310,000

Description

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!

MLS #:
6629460
Taxes
$2,272(2022)
Lot Size
5,227 SQFT
Type
Multifamily
Year Built
1900
Style
Two
School District
Austin
County
Mower County

Listed By

Mike Wilen, Coldwell Banker Realty, Contact: 612-400-9000
Source
NORTHSTAR MLS
Last checked Dec 25 2024 at 5:02 AM GMT+0000
Bathroom Details
Subdivision
  • Davidson
Heating and Cooling
  • Forced Air
Basement Information
  • Partial
Utility Information
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas
Stories
  • 2
Living Area
  • 3,833 sqft
Additional Information: Minneapolis Lakes | 612-400-9000
Location
   
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