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Neal Anderson, Managing Broker
(612) 865-5955
Counselor Realty, Inc |
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403 2nd Street Nw, Austin, MN 55912
STATUS: Active
PROPERTY TYPE: Commercial - Business
SUBDIVISION: Davidson
SCHOOL: Austin
Property Description
Rare opportunity to acquire a bundled multi family investment portfolio in Southern Minnesota offered as a single package with immediate scale and diversified unit mix, including a four unit property at 403 2nd Street NW in Austin, a two unit property at 509 4th Street in Albert Lea, a two unit property at 309 3rd Avenue in Austin, and a two unit property at 404 South Main Street in Austin, for a combined total of ten residential units across four properties, encompassing approximately 9,299 finished square feet, 26 total bedrooms, and combined annual property taxes of approximately $6,808, with all properties currently tenant occupied on month to month leases providing flexibility for repositioning, rent optimization, or long term hold strategies in stable Southern Minnesota rental markets.
Property Features
Property Type: Commercial - Business Fuel Type: Electric, Natural Gas Garage: 1 Heating: Baseboard, Boiler Lot Size: 0.12 Acres Taxes: $3,408 Year Built: 1900
Feature Descriptions
Current Use: Residential
Days on Site: 152
Foundation Size: 9299
Lot Dimensions: Irregular
Parcel#: 01
Parking: Other
Sale Includes: Building
Sewer: City Sewer/Connected
Units: 10
Utilities: Electric Common
Water: City Water/Connected
Listed By / Shown By
Agency Name: Coldwell Banker Realty - Lakes
Agency Phone: 612-920-5605
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Agency License Information: Counselor Realty, Inc. is licensed in Minnesota and Wisconsin; Counselor Realty, Inc. of Alexandria is licensed in Minnesota; Counselor Realty Detroit Lakes, LLC is licensed in Minnesota; Counselor Realty of Rochester is licensed in Minnesota; Counselor Realty of Victoria, LLC is licensed in Minnesota; Counselor Realty of Brainerd is licensed in Minnesota.
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403 2nd Street Nw | MLS# 7004319
This commercial property located at 403 2nd Street Nw, Austin, MN 55912 is currently listed for sale with an asking price of $796,000. 2nd Street Nw is located within the Austin school district. Search Austin real estate on nanderson.counselorrealty.com today.