1208 S 2nd Ave Virginia, MN 55792
Virginia AreaEstimated payment $1,687/month
Highlights
- Washer and Dryer
- Rock Ridge High School Rated 10
- Heating Available
About This Home
Well-maintained 4-plex in Virginia with strong rental income and recent improvements. All four units feature a functional 2-bedroom, 1-bathroom layout, providing consistency for management and maintenance. The property offers coin-operated laundry on site, fixed-term leases, and established rental income. Recent improvements include brand-new windows throughout all four apartments and a new roof in 2024. New flooring throughout many of the units. Other updates such as appliances and bathrooms occur as they are needed. The property is professionally managed and has already passed the City of Virginia's residential rental inspection. A solid opportunity to add a fully occupied, income-producing multifamily property to your portfolio with established tenants, fixed-term leases, on-site laundry, and recent capital improvements. Square Footage and Accounting numbers are approximated. Buyer to verify square footage numbers and clarify accounting.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,124
Year Built
- Built in 1908
Parking
- Off-Site Parking
Home Design
- Quadruplex
- Wood Frame Construction
- Shingle Roof
- Hardboard
Interior Spaces
- 3,956 Sq Ft Home
- Stone or Rock in Basement
- Washer and Dryer
Additional Features
- Lot Dimensions are 37.5 x 120
- Heating Available
Community Details
Overview
- 4 Units
Building Details
- Insurance Expense $4,000
- Utility Expense $11,900
- Gross Income $4,500
- Net Operating Income $25,500
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,124 | $25,500 | $3,800 | $21,700 |
| 2023 | $632 | $40,500 | $3,700 | $36,800 |
| 2022 | $798 | $26,400 | $3,200 | $23,200 |
| 2021 | $652 | $27,800 | $3,200 | $24,600 |
| 2020 | $634 | $24,100 | $3,200 | $20,900 |
| 2019 | $930 | $24,100 | $3,200 | $20,900 |
| 2018 | $924 | $38,600 | $3,800 | $34,800 |
| 2017 | $912 | $38,600 | $3,800 | $34,800 |
| 2016 | $826 | $38,600 | $3,800 | $34,800 |
| 2015 | $778 | $38,600 | $3,800 | $34,800 |
| 2014 | $778 | $38,600 | $3,800 | $34,800 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/25/2026 08/25/26 | For Sale | $290,000 | -- | $73 / Sq Ft |
Source: Range Association of REALTORS®
MLS Number: 150593
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