For Sale: Alexandria MLS# 7072947
Active
$425,000
Commercial: 1 Story
6 ba • Built 1956
0.185 acres
Alexandria schools
MLS# 7072947
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Property Description
Calling all investors. This is a one in a lifetime opportunity to get a turnkey investment. This investment portfolio comes with a full house of tenants, completely remodeled, turnkey. It is essentially maintenance free.
This is a rare find, and a true gem. It is set up to be hands-free and be a great investment. The front office suite is a financial company. They pay their own utilities and have their own space.
The second suite is office suites with three suites, and a potential fourth suite, two bathrooms and a common corridor. The beauty of this investment is, it is main level, no steps and has great parking.
When you’re talking about building your investment portfolio, adding to it or starting your investment this is truly an investment you want to consider.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$425,000
Property Type:
Commercial
City:
Alexandria
Garage Spaces:
0
County:
Douglas
Year Built:
1956
State:
MN
Property Style:
1 Story
Zip Code:
56308
Subdivision Name:
Lakeside Add
Interior
Bedrooms:
0
Bathrooms:
6
Ceiling Height:
8-10
Flooring:
Carpet, Luxury Vinyl Tile
Appliances Included:
Electric Water Heater
Basement Details:
None
Exterior
Stories:
One
Garage Spaces:
0
Air Conditioning:
Central Air
Foundation Size:
2,387 ft2
Foundation Dimensions:
35x68x35x68
Handicap Accessible:
Doors 36"+, Grab Bars In Bathroom, No Stairs External, No Stairs Internal, Partially Wheelchair
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Asphalt
- Guest Parking
- Parking Lot
- Paved Lot
Unit Amenities:
In-Ground Sprinkler
Road Frontage:
City Street
Exterior Material:
- Concrete
- Frame
Roof Details:
- Age Over 8 Years
- Flat
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.185
Geolocation:
45.894028, -95.366155
Inclusions:
Building, Leases
Lot Dimensions:
60 x 135 x 60 x 135
Zoning:
Business/Commercial
Lot Description:
Tree Coverage - Light
Farm
Topography:
Level
Schools
School District:
206
District Phone:
3207622141
Expenses
Annual Insurance Expense:
$1,542
Tenant Expenses:
All Utilities, Gas, Heat, Hot Water, Janitorial Service, Maintenance, Security
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$6,672
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$6,672
Income
Annual Gross Income:
$45,480
Units
Total Units:
4
Miscellaneous
Current Use:
- Beauty/Barber Shop
- Commercial
- Office
- Professional Service
- Professional/Office
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Real Estate by Jo, LLC.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.