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605 30th AVE W Alexandria, MN 56308
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Key Details
Sold Price $840,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 6697091
Sold Date 05/21/25
Year Built 1958
Annual Tax Amount $4,638
Tax Year 2025
Contingent None
Lot Size 1.200 Acres
Acres 1.2
Lot Dimensions 294x178
Property Sub-Type Apartment
Property Description
13 unit apartment building now available in the heart of Alexandria, MN! Prime investment opportunity with strong income history! Conveniently located in the business district, right across the street from the Alexandria Clinic. This would make a great housing option for traveling nurses. Value-add opportunity right out of the gate with a Conditional use permit approved by the City to add up to 4 additional units on the property, allowing the next owner to boost their equity and cashflow. Property currently has 12 efficiency units and 1 larger 3BR 1 BA unit. Updates include new electric service panels, new kitchenettes in the efficiency units, designated 20 amp outlets for all the A/C's in each unit, and new concrete post style community mailboxes. Don't miss your chance to invest in this rare opportunity and build your portfolio in this thriving community with a strong rental market!
Location
State MN
County Douglas
Zoning Business/Commercial
Rooms
Basement Block
Interior
Heating Boiler
Cooling Wall Unit(s), Window Unit(s)
Fireplace No
Appliance Cooktop, Refrigerator
Exterior
Parking Features Parking Lot
Utilities Available Electric Common, Heating Common, Hot Water Common
Roof Type Asphalt
Present Use Commercial,Residential
Building
Foundation 4644
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Fiber Board,Wood Siding
Schools
School District Alexandria
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