NOT LISTED FOR SALE

1407 State Highway 29 N Alexandria, MN 56308

9 Beds
4 Baths
5,304 Sq Ft
1.01 Acres

Last Sold July 25, 2024

Last sale price $290,000 $55 Per Sq Ft

43 Days on Market

Highlights

  • Forced Air Heating System
  • Baseboard Heating
  • Wood Siding

About This Home

As of July 2024

4-unit income property with central air and a steady income history. This property has solid cash flow, currently generating $3650.00 per month. The roof was replaced in 2021, and the well pump was replaced in 2022, along with many updates (See Supplement in Documents). These units are spacious and rarely vacant. Each unit has its own basic appliances and a washer & dryer, all utilities are included in the rent and paid by the owner. City water has been stubbed into the property and the assessment has been paid, a private water well with a new pump serves the property now. The yard is big and beautiful with many trees with a beautiful stream flowing through between Lakes Geneva & Le Homme Dieu.

Last Agent to Sell the Property

Chris Sutton

Century 21 First Realty, LLC Listed on: 06/03/2024

Century 21 First Realty, LLC

Last Buyer's Agent

Steven Jones

Keller Williams Classic Rlty NW

Keller Williams Classic Rlty NW

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,606

Year Built

  • Built in 1954

Lot Details

  • Lot Dimensions are 167x262x168x263

Parking

  • Paved Parking

Home Design

  • Quadruplex
  • Pitched Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Utilities

  • Forced Air Heating System
  • Baseboard Heating
  • Private Water Source
  • Well
  • Drilled Well

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for electricity, fuel, insurance, grounds care, repairs, snow removal, taxes, trash collection, water
  • Assessor Parcel Number 636302460

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,606

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Quadruplex
  • Accessibility Features: None
  • Water Source: Drilled, Private, Well
  • Year Built: 1954
  • Above Grade Finished Sq Ft: 3776
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Finished, Full
  • Living Area: 5304
  • Below Grade Finished Sq Ft: 1528
  • Owner Pays: Electricity, Fuel, Insurance, Grounds Care, Repairs, Snow Removal, Taxes, Trash Collection, Water
  • Basement YN: Yes
  • Appliances: Dryer,Microwave,Range
  • Appliances: Dryer,Microwave,Range
  • Appliances: Dryer,Microwave,Range
  • Total Rooms: 6
  • Appliances: Dryer,Microwave,Range
  • Total Rooms: 7

Beds/Baths

  • Total Bedrooms: 9

Exterior Features

  • Roof: Asphalt, Pitched, Shingle

Garage/Parking

  • Parking Features: Gravel, Paved

Utilities

  • Heating: Baseboard, Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Electric,Natural Gas
  • Number of Ranges: Four

Schools

  • Junior High Dist: Alexandria
  • SchoolDistrictPhone: 320-762-2141

Lot Info

  • Lot Size: 167x262x168x263
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding, Wood Siding
  • Units Total: 4

Rental Info

  • Expenses: 16195.9200

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 636302460
  • Tax Annual Amount: 3606
  • TaxWithAssessments: 3606.0000

Multi Family

  • TenantPays: Cable TV
  • ElectricExpense: 4700.52
  • FuelExpense: 1570.2
  • Number Of Refrigerators: Four

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/25/2024 07/25/24 Sold $290,000 -2.7% $55 / Sq Ft
07/18/2024 07/18/24 Pending -- -- --
06/25/2024 06/25/24 Price Changed $298,000 -4.5% $56 / Sq Ft
06/04/2024 06/04/24 For Sale $312,000 +101.3% $59 / Sq Ft
04/15/2015 04/15/15 Sold $155,000 -16.2% $51 / Sq Ft View Prior Sale
03/26/2015 03/26/15 Pending -- -- --
06/09/2014 06/09/14 For Sale $184,900 -- $61 / Sq Ft
Source: NorthstarMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6546934

NorthstarMLS

APN: 03-0805-000