Closed

$490,000

3904 County Road 42 NE, Alexandria, MN 56308

8beds

8baths

4,996sqft

Multi Family

Built in 1940

-- sqft lot

$-- Zestimate^®

$98/sqft

$1,252 Estimated rent

Home value

Not available

Estimated sales range

Not available

$1,252/mo

Zestimate^® history

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What's special

Attention Investors! Step right into your next investment with this property that can wear many hats. Right in the heart of lakes country sits this nicely managed and remodeled mixed use space. Looking to move your business or office, and make some nice rental money to boot? Here you go! Apartment #1 is a 3 bed 2 bath unit that rents for $1475. Apartment #2 is a 2 bed 1 bath and currently rents for $1300, and apartment #, is a 3 bed 1 bath and rent is $1550. The commercial space is currently owner-occupied, so there is even more income producing potential! Looking to move your business? This would be a great spot to move your boutique/coffee shop, a water equipment rental shop, an art gallery(current use), a professional office space or even a bait shop! Whether you're adding to your portfolio, or just starting your investment journey, the possibilities are plentiful, and this is a must see. New steel roof, A/C and Furnace, remodeled Apt #2&3 in 2019, Remodeled Apt# 2 in 2022

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 8

Heating

Forced Air

Appliances

Laundry: Common Area, Electric Dryer Hookup, Washer Hookup, Coin-op Laundry Owned

Features

Basement: Block,Full,Unfinished

Interior area

Total structure area: 4,996
Total interior livable area: 4,996 sqft
Finished area above ground: 4,996
Finished area below ground: 0

Property

Parking

Parking features: Gravel

Accessibility

Accessibility features: None

Features

Levels: Two

Lot

Size: 1.15 Acres
Features: Cleared, Tree Coverage - Light

Details

Foundation area: 4996
Parcel number: 634108015
Zoning description: Business/Commercial,Residential-Multi-Family

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Block, Frame
Roof: Age Over 8 Years,Age 8 Years or Less,Flat,Metal

Condition

New construction: No
Year built: 1940

Utilities & green energy

Gas: Natural Gas
Sewer: City Sewer/Connected
Water: Well

Community & HOA

Community

Subdivision: Carlos Div Of East Add To Thr

HOA

Amenities included: Coin-op Laundry Owned

Location

Region: Alexandria

Financial & listing details

Price per square foot: $98/sqft
Tax assessed value: $255,500
Annual tax amount: $5,778
Date on market: 5/23/2024
Cumulative days on market: 62 days

Price history

Date	Event	Price
8/29/2024	Sold	$490,000-3.7%$98/sqft
Source: NorthstarMLS as distributed by MLS GRID #6540522 Report a problem
7/24/2024	Pending sale	$509,000$102/sqft
Source: NorthstarMLS as distributed by MLS GRID #6540522 Report a problem
6/20/2024	Price change	$509,000-9.9%$102/sqft
Source: NorthstarMLS as distributed by MLS GRID #6540522 Report a problem
5/23/2024	Listed for sale	$565,000$113/sqft
Source: NorthstarMLS as distributed by MLS GRID #6540522 Report a problem