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525 W Main Street, Albert Lea, MN 56007

Status: Off Market

4 units
2,636 sq ft

WELCOME HOME

Get to know this property.

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!

The details that matter.

General Property Information for 525 W Main Street, Albert Lea, MN 56007 - MLS# 7009918
Bedrooms and Bathrooms
Total Bedrooms:
6
Total Bathrooms:
4
Size and Multi Family Residence
Year Built:
1940
Type of Property:
Multi Family Residence
Style:
Triplex
Stories/Levels:
2 Story
Total SqFt:
2,636
Total Fnsh'd SqFt:
2,636
Above Ground SqFt:
2,636
Finished Above Grade:
2,636
Below Ground SqFt:
1,258
Finished Below Grade:
0
Garage Stalls:
0
Garage SqFt:
N/A
Main Floor SqFt:
1,258
Approx Lot Dimensions:
40 x 150
Approx Number of Acres:
0.16
Income and Expenses
Gross Income:
$43,200
Total Expenses:
$0

A closer look at the location.

From the intersection of Broadway and Main in historic downtown Albert Lea head West down Main Street to the intersection of Euclid & Main and turn South, sharp, into the Main St West side road beside the via dock to the property on the corner of Main St W and Adams Ave.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than MnRealtyCo, LLC are marked with the Broker Reciprocity or the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.

All information provided is deemed reliable, but is not guaranteed and should be independently verified.

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