USAMNAlexandriaHicks 3Rd Add1202 Elm Street
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$220,000

For Sale

11 hours ago

1202 Elm Street, Alexandria, MN

House

MLS® 7157891

5 Bed

3 Bath

2168 sqft

2 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Triplex
Levels Residential Income
Size 2168 sqft
Garage Yes
Taxes $2,768
Days Active 1
Lot Size 0.326 Acres
Approx. Age 1900
Avg. Price Per Sqft $101
MLS® Number 7157891

Property Address: 1202 Elm Street, Alexandria, MN, 56308

Average square foot calculated using Size range provided by listing agent.

Description

Income-Producing Investment Property | 3 Units | Detached 2-Stall Garage Investors, take note! This unique property offers three existing rental units, a detached two-stall garage (garage not currently rented), and a large, level corner lot with additional income potential. Currently generating $31, 800 in annual gross income with reported annual expenses of $10, 559, the property produces an estimated annual net income of $21, 241. Originally built as a single-family home, the property has been converted into three separate rental units. The original interior staircase remains intact, with doorways currently separating the units, offering the potential to explore a conversion back to a single-family residence, subject to applicable requirements. The exterior is in good condition, while the interior offers an opportunity for updates and improvements to enhance the property’s value and rental potential. Buyers should anticipate interior work, including flooring updates and possible plumbing-related repairs. With established rental income, a detached two-stall garage, and a spacious corner lot, this property offers multiple possibilities for investors looking to expand their portfolio or buyers seeking a property with flexibility and long-term potential. Explore the possibilities and make this investment your own! Offered at $220, 000.
MLS® Number7157891
Laundry LevelLower
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1900
BasementFinished
DrivewayDetached Garage, Shared Driveway, Gravel
Garage Spaces
HeatForced Air
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Oct 9, 2026List Date
$220,000List Price
  • Commute

Commute

Starting Address
Destination Address
1202 Elm Street, Alexandria, MN

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