For Sale: Albert Lea MLS# 7104190
Active
$229,900
Multi-family: Duplex Up and Down
4 br • 3 ba • Built 1955
2,356 sqft • 0.237 acres
Albert Lea schools
MLS# 7104190
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
Great investment opportunity with this duplex located near Northside Park and Hawthorne Elementary School. This property is located near two municipal parks, Fountain Lake, a pedestrian trail that extends around the majority of the lake, a public golf course and has a large backyard area. This duplex includes a shared double garage for each tenant, shared laundry facilities in the basement and separate electric meters for billing purposes. The water/ sewer and natural gas utilities are split between each tenant unit. Each level has newer separate forced air furnaces and air-conditioning for separate temperature control. The main level apartment has a three-season porch and the second level a private deck. Schedule your appointment today to tour this investment property.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$229,900
Price per sq ft:
$98
Property Type:
Multi-family
City:
Albert Lea
Garage Spaces:
2
County:
Freeborn
Year Built:
1955
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
56007
Interior
Bedrooms:
4
Bathrooms:
3
Finished Area:
2,356 ft2
Living Area:
2,356 ft2
Refrigerators:
Two
Basement Details:
- Block
- Unfinished
Exterior
Stories:
One and One Half
Garage Spaces:
2
Garage Dimensions:
22 X 24
Garage Size:
528 ft2
Foundation Size:
1,386 ft2
Foundation Dimensions:
34' X 44'
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Concrete
- Detached Garage
- Garage Door Opener
- Shared Driveway
Shared Amenities:
Laundry
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Storm Sewer
- Street Lights
Exterior Material:
Frame
Pool:
None
Roof Details:
- Age Over 8 Years
- Architectural Shingle
- Asphalt
- Pitched
Rooms
Laundry:
- Electric Dryer Hookup
- In Basement
- Laundry Room
- Lower Level
- Washer Hookup
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.237
Geolocation:
43.6588483945, -93.3639405011
Lot Dimensions:
84' X 123'
Zoning:
Residential-Single Family
Lot Description:
Tree Coverage - Medium
Farm
Topography:
Level
Schools
School District:
241
District Phone:
5073794800
Expenses
Annual Caretaker Expense:
$1,750
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$1,300
Annual Maintenance Expense:
$202
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
All Utilities, Cable TV, Electricity, Gas, Heat, HVAC Maintenance, Lawn Care, Telephone, Sewer, Snow Removal, Trash Collection, Water
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$2,600
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$2,670
Income
Annual Gross Income:
$21,600
Rent
Annual Net Income:
$16,313
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
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!
Listing provided by RMLS,
courtesy of Century 21 Atwood.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.