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$ 275,000
Est. payment /mo
New
525 W Main ST Albert Lea, MN 56007
6 Beds
4 Baths
2,636 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,636 sqft
Price per Sqft $104
Subdivision Morins Add
MLS Listing ID 7009918
Bedrooms 6
Year Built 1940
Annual Tax Amount $1,940
Tax Year 2025
Contingent None
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 40x150
Property Sub-Type Triplex
Property Description
Amazing income property that is basically brand new. A fire across the street led to hundreds of thousands of dollars in repairs (far more than the property is being sold for.) The lot acrtoss the street where the fire was is a City Owned lot now. Thius property is right on the new sharded user path the County is developing. This property has 4 units. A huge 3 bedroom apartment on the upper level with a nice new deck out front, 2 one bedrooms units on the main level each with their own private decks and a deteched studio apartment with an attached garage. All for less than $69k a door. The repairs after the fire across the street made the property perfect. The new park and bike path across the street will make the location pretty amazing!
Location
State MN
County Freeborn
Rooms
Basement Full
Interior
Heating Boiler
Fireplace No
Laundry In Basement, Common Area, Laundry Room
Exterior
Roof Type Age 8 Years or Less
Building
Lot Description Corner Lot
Story Two
Foundation 1258
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
New Construction false
Schools
School District Albert Lea
Listed by Robert Hoffman • Robert Hoffman Realty Inc.