1110 Oakland AVE new Save Request In-Person Tour Request Virtual Tour
Austin,MN 55912
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,933 sqft
Price per Sqft $88
Subdivision Yates & Lewis
MLS Listing ID 6714558
Style (MF) Triplex
Bedrooms 5
Year Built 1920
Annual Tax Amount $2,464
Lot Size 6,098 Sqft
Property Description
This is your chance to own a fully leased, income generating triplex on high-visibility Oakland Ave., one of the busiest and best located streets in Austin, MN. With strong current rents totaling $3800/month, plus untapped potential for additional $200+ monthly garage rental and coin operated laundry, this property is a cash flow machine from day one. The building features 3 units - one fully renovated 1 bed/1 bath (previously an office, brand new inside), and two spacious 2 bed/1 bath units. Tenants love the location and layout, and leases are solid, with one locked in for two years. Recent updates include a new roof (under 6 months old), insuring low maintenance for years to come. Whether you're looking to add a strong performer to your portfolio or get started in multifamily investing, this property delivers stable income, location appeal, and future upside.
Location
State MN
County Mower
Community Yates & Lewis
Interior
Heating Forced Air
Laundry In Basement
Exterior
Parking Features Detached Garage
Garage Spaces 2.0
Roof Type Age 8 Years or Less
Building
Lot Description Corner Lot
Water City Water/Connected
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional