Active

403 2nd Street NW

Austin MN, 55912

$310,000


$80.88 per sqft

Active

3,833 sqft

Multi-family

Built in 1900

Units 1 through 4 feature identical layouts with 1 bedroom, 1 bathroom, and 1 bonus room, each rented at $650 monthly. Unit 5 offers a 2-bedroom, 1-bathroom layout with 1 bonus room, currently vacant, rents at $750. There's potential for a 6th unit - a top-floor attic already insulated and ready for customization. The owner covers all utilities and has maintained stable rents for years, offering potential for rent adjustments under new ownership. Managed locally, this property presents a hassle-free investment opportunity. Centrally located in Austin, Minnesota, the property enjoys proximity to modern conveniences. Third level ripe for development--ideal for a personalized owner-occupied space, or additional income. Do not wait, this will not last long! Unlock the potential of Southern Minnesota's healthcare boom with this exclusive investment opportunity!

6523307

MLS ID

April 22, 2024

Listed

April 24, 2024

Updated

Map

403 2nd Street NW
Austin MN, 55912

Interior Features

Total Stories

2


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0.12 Acres


Sewer

City Sewer/Connected

School Information

School District

Austin

Other Property Details

Taxes

$2,272


Tax Frequency

Annually


Days on Market

1


Garage

No


View

No


County

Mower


Water Source

City Water/Connected


Pool

No


Buyer Agency Compensation

2.7%

 

Courtesy of Coldwell Banker Realty

If a listing is in Coming Soon status, it is not currently available for showings but will be soon. Open House information is subject to change without warning. This home sale information is not an appraisal, competitive or comparative market analysis, CMA, or home evaluation. Information Deemed Reliable But Not Guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Lauren A. Janoski shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 Northstar MLS. All rights reserved. 

Data last updated 5:09 AM UTC, 4/24/2024

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