Property Listing
Description
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.
Property Information
Status: Active
Sub Type: ********
List Price: $219,900
MLS#: 7060763
Current Price: $219,900
Address: 322 5th Avenue E, Alexandria, MN 56308
City: Alexandria
State: MN
Postal Code: 56308
Geo Lat: 45.886898
Geo Lon: -95.373484
Subdivision: Original Alexandria
County: Douglas
Property Description
Year Built: 1900
Lot Size SqFt: 10018.8
Gen Tax: 2988
Specials Inst: 139
High School: Alexandria
Square Ft. Source:
Above Grade Finished Area:
Below Grade Finished Area:
Below Grade Unfinished Area:
Total SqFt.: 4320
Style: Array
Total Bedrooms: 7
Total Bathrooms: 3
Total Full Baths:
Garage Type:
Garage Stalls: 3
Waterfront:
Property Features
Exterior:
Roof:
Foundation:
Lot Feat/Fld Plain:
Interior Amenities:
Inclusions: ********
Exterior Amenities:
Heat System:
Air Conditioning:
Utilities: