1. Minnesota
  2. Austin
  3. 1110 W Oakland Avenue
$350,000

1110 W Oakland Avenue, Austin, MN 55912

  • 2,208 sqft
  • Property Icon Triplex
  • Property Year Built Icon Built in 1920
  • Property Lot Size Icon6,098sqft lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $159/sqft
  • Property List Date Icon Listed 3 months ago

Property Description

This is your chance to own a fully leased, income generating triplex on high-visibility Oakland Ave., one of the busiest and best located streets in Austin, MN. With strong current rents totaling $3800/month, plus untapped potential for additional $200+ monthly garage rental and coin operated laundry, this property is a cash flow machine from day one. The building features 3 units - one fully renovated 1 bed/1 bath (previously an office, brand new inside), and two spacious 2 bed/1 bath units. Tenants love the location and layout, and leases are solid, with one locked in for two years. Recent updates include a new roof (under 6 months old), insuring low maintenance for years to come. Whether you're looking to add a strong performer to your portfolio or get started in multifamily investing, this property delivers stable income, location appeal, and future upside.

Listing Status:
Active
Listing Office:
Re/Max Results : 507-288-1111
MLS ID:
6714558
  • Basement: BlockCrawl SpaceConcrete
  • Heating: Forced Air

This listing courtesy of Re/Max Results

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

B

Banfield Elementary School

301 17th St SW, Austin, MN, 55912

Grades 1-4

0.39 miles away

A

Austin Area Learning Center

301 3rd St NW, Austin, MN, 55912

Grades 6-12

0.47 miles away

A

Austin Area Learning Center

301 3rd St NW, Austin, MN, 55912

Grades 6-12

0.47 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.