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About the Listing 5116 - 502026306
Rare opportunity to acquire a bundled multi family investment portfolio in Southern Minnesota offered as a single package with immediate scale and diversified unit mix, including a four unit property at 403 2nd Street NW in Austin, a two unit property at 509 4th Street in Albert Lea, a two unit property at 309 3rd Avenue in Austin, and a two unit property at 404 South Main Street in Austin, for a combined total of ten residential units across four properties, encompassing approximately 9,299 finished square feet, 26 total bedrooms, and combined annual property taxes of approximately $6,808, with all properties currently tenant occupied on month to month leases providing flexibility for repositioning, rent optimization, or long term hold strategies in stable Southern Minnesota rental markets.
Interior Details
- Appliances:
- Air Cond:
- Heating: Baseboard,Boiler,Electric,Natural Gas
- Fireplaces:
- Floor:
- Basement:
- Other:
- Water: City Water/Connected
Exterior Details
- Garage Capacity: 1 car
- Lot Dimensions: Irregular
- Zoning: Residential-Multi-Family
- Roof:
- Others:
- Sewer: City Sewer/Connected
Financial Details
- Tax Amount: $3,408
- Taxes w/Assessments: N/A
- Tax/Property ID: 01
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
403 2nd St NW Austin, MN 55912
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