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$417,000
Est. payment /mo
5 Beds
3 Baths
2,977 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,977 sqft
Price per Sqft $140
Subdivision Lower Monticello
MLS Listing ID 7083432
Bedrooms 5
Year Built 1956
Annual Tax Amount $4,906
Tax Year 2026
Contingent None
Lot Size 0.501 Acres
Lot Dimensions 132x165x132x165
Property Sub-Type Triplex
Property Description
Excellent turnkey triplex investment opportunity in Monticello! This fully occupied property features two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit with established tenants and lease agreements in place, offering immediate cash flow and stable rental income. Numerous updates have been completed throughout the property, including remodeled kitchens, bathrooms, flooring, fixtures, and finishes that contribute to strong tenant appeal and pride of ownership. Major improvements include a new roof (2025), new water heater (2025), and new furnace (2021), helping minimize future capital expenses. Separate electric meters serve each unit, and the property is situated on a spacious half-acre lot, offering exceptional outdoor space and flexibility rarely found with multifamily properties. Conveniently located near downtown Monticello, parks, schools, shopping, dining, and major commuter routes, this well-maintained property offers immediate cash flow, a strong rental history, and long-term investment potential. Income and expense information available upon request.
Location
State MN
County Wright
Zoning Residential-Multi-Family
Rooms
Basement Block
Interior
Heating Baseboard, Forced Air
Fireplace No
Laundry Common Area, Main Level
Exterior
Garage Spaces 2.0
Roof Type Age 8 Years or Less,Asphalt
Building
Lot Description Corner Lot
Story One and One Half
Foundation 1079
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories One and One Half
New Construction false
Schools
School District Monticello
Read Less Info
Listed by Marci Segner • RE/MAX Advantage Plus
Nearby School & Business
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