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For Sale:  Alexandria MLS# 7067521

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Active NEW!
$320,000
/mo Edit
Multi-family:  Fourplex
9 br • 4 ba • Built 1954
5,304 sqft • 1.01 acres
Alexandria schools
MLS# 7067521
763-576-8286
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    Property Description

    A unique redevelopment opportunity with excellent visibility and potential! This property has operated as a 4-unit apartment building for many years with very little vacancy. The owners have vacated all tenants and completed the interior demolition in preparation for renovation, giving the next owner a blank slate to finish the project. The City of Alexandria has expressed interest in having this property become commercially zoned, offering potential for a variety of business uses. Complete the demolition and build your business here! City water has been stubbed to the property, with the assessment already paid. A private well with a newer pump currently serves the property. The large, beautiful yard features mature trees, excellent visibility and exposure along Hwy 29, and a scenic stream flowing through the property between Lakes Geneva and Le Homme Dieu. Bring your vision and make this highly visible property your next business or investment opportunity! All offers must include an "As Is" Addendum.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $320,000
    Price per sq ft: $60
    Property Type: Multi-family
    City: Alexandria
    Garage Spaces: 0
    County: Douglas
    Year Built: 1954
    State: MN
    Property Style: Fourplex
    Zip Code: 56308

    Interior

    Bedrooms: 9
    Bathrooms: 4
    Finished Area: 5,304 ft2
    Living Area: 5,304 ft2
    Refrigerators: Four
    Basement Details:
    • Block
    • Finished
    • Full

    Exterior

    Stories: Two
    Garage Spaces: 0
    Foundation Size: 1,528 ft2
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System:
    • Baseboard
    • Forced Air
    Parking Features:
    • Gravel
    • Paved Lot
    Road Frontage: Highway
    Exterior Material: Frame
    Pool: None
    Roof Details:
    • Asphalt
    • Pitched
    • Unspecified Shingle

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 1.01
    Geolocation: 45.904085, -95.355888
    Lot Dimensions: 167 x 262 x 168 x 263
    Zoning: Residential-Multi-Family

    Schools

    School District: 206
    District Phone: 3207622141

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: Broadband, Cable TV

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $3,606
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $3,650

    Income

    Annual Gross Income: None

    Units

    Total Units: 4

    Miscellaneous

    Fuel System:
    • Electric
    • Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System:
    • Drilled
    • Private
    • Well

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of Century 21 First Realty, Inc..
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.