For Sale: Albert Lea MLS# 6350410
Active
$184,900
Commercial: 2 Stories
Built 1926
0.05 acres
Albert Lea schools
MLS# 6350410
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Property Description
Excellent investment opportunity , with this well kept gem in downtown Albert Lea. Within blocks of Fountain Lake and clinic. Well maintained! Huge main floor office area or could be used for any other type of business. Lots of updates throughout the main floor. 2 apartments up , that are well maintained and currently rented. Lots of charm on upper level also. with separate entry for upstairs apartment. This is an over all nice building, it will not disappoint . Priced to sell.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$184,900
Property Type:
Commercial
City:
Albert Lea
Garage Spaces:
0
County:
Freeborn
Year Built:
1926
State:
MN
Property Style:
2 Stories
Zip Code:
56007
Interior
Ranges:
Two
Refrigerators:
Two
Appliances Included:
- Dryer
- Gas Water Heater
- Range
- Refrigerator
- Washer
Exterior
Stories:
Two
Garage Spaces:
0
Garage Dimensions:
0
Garage Door Height:
0
Garage Door Width:
0
Other Parking Spaces:
0
Air Conditioning:
Central Air
Foundation Size:
1,053 ft2
Foundation Dimensions:
40x26
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
None
Shared Amenities:
- Coin-op Laundry Owned
- Concrete Floors & Walls
Unit Amenities:
- Cable
- City View
- Hardwood Floors
- Kitchen Window
- Natural Woodwork
Road Frontage:
City Street
Exterior Material:
Brick/Stone
Roof Details:
Flat
Lot & Land
Acres:
0.05
Geolocation:
43.64994, -93.370809
Inclusions:
Building
Lot Dimensions:
.05
Zoning:
Business/Commercial
Schools
School District:
241
District Phone:
507-379-4800
Expenses
Annual Gross Expense:
$1,204
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$1,610
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$1,676
Income
Annual Gross Income:
$17,400
Rent
Annual Net Income:
$17,400
Units
Total Units:
3
Miscellaneous
Current Use:
- Office
- Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Electric Separate
- Heating Common
- 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 Unique Realty.
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.