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$ 249,900
Est. payment /mo
New
220 E 7th ST Albert Lea, MN 56007
4 Beds
4 Baths
2,800 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,800 sqft
Price per Sqft $89
MLS Listing ID 7104298
Bedrooms 4
Year Built 1949
Annual Tax Amount $3,584
Tax Year 2026
Contingent None
Lot Size 7000.000 Acres
Lot Dimensions 50x140
Property Sub-Type Fourplex
Property Description
Exceptional 3 Bedroom 4 Bath 4-Plex located on the corner of 7th Street and James Ave. The fourth unit is a commercial space that is currently a laundry service. It was formally a salon and could be converted back to a salon or another apartment. This property has been rented continuously with a solid rental history. Significant remodeling occurred on the property since it was purchased including new roof, medal siding, electric services, mini-splits, paint and some flooring. The property is licensed through the city and the rent is just under $3000/month. The tenants are responsible for paying their own utilities. There is ample parking on the large gravel parking lot and the 3-stall garage.
This turn key property is definitely one to look at.
This turn key property is definitely one to look at.
Location
State MN
County Freeborn
Rooms
Basement None
Interior
Heating Baseboard, Ductless Mini-Split
Fireplace No
Exterior
Parking Features Carport, Detached Garage, Gravel
Garage Spaces 2.0
Building
Story Two
Foundation 1400
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
New Construction false
Schools
School District Albert Lea
Listed by Lanier Pratt • Keller Williams Premier Realty