$490,000
$509,000
3.7%For more information regarding the value of a property, please contact us for a free consultation.
3904 County Road 42 NE Alexandria, MN 56308
4,996 SqFt
Key Details
Sold Price $490,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 4,996 sqft
Price per Sqft $98
Subdivision Carlos Div Of East Add To Thr
MLS Listing ID 6540522
Sold Date 08/29/24
Year Built 1940
Annual Tax Amount $5,778
Tax Year 2024
Contingent None
Lot Size 1.150 Acres
Acres 1.15
Lot Dimensions irregular
Property Description
Attention Investors! Step right into your next investment with this property that can wear many hats. Right in the heart of lakes country sits this nicely managed and remodeled mixed use space. Looking to move your business or office, and make some nice rental money to boot? Here you go! Apartment #1 is a 3 bed 2 bath unit that rents for $1475. Apartment #2 is a 2 bed 1 bath and currently rents for $1300, and apartment #, is a 3 bed 1 bath and rent is $1550. The commercial space is currently owner-occupied, so there is even more income producing potential! Looking to move your business? This would be a great spot to move your boutique/coffee shop, a water equipment rental shop, an art gallery(current use), a professional office space or even a bait shop! Whether you're adding to your portfolio, or just starting your investment journey, the possibilities are plentiful, and this is a must see. New steel roof, A/C and Furnace, remodeled Apt #2&3 in 2019, Remodeled Apt# 2 in 2022
Location
State MN
County Douglas
Zoning Business/Commercial,Residential-Multi-Family
Rooms
Basement Block, Full, Unfinished
Interior
Heating Forced Air
Fireplace No
Exterior
Garage Gravel
Roof Type Age Over 8 Years,Age 8 Years or Less,Flat,Metal
Building
Lot Description Cleared, Tree Coverage - Light
Story Two
Foundation 4996
Sewer City Sewer/Connected
Water Well
Level or Stories Two
Structure Type Wood Siding
New Construction false
Schools
School District Alexandria
Read Less
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