NOT LISTED FOR SALE

1609 Bridge Ave Albert Lea, MN 56007

6 Beds
2 Baths
17,052 Sq Ft
0.81 Acres

Last Sold December 23, 2014

Last sale price $515,000 $30 Per Sq Ft

6 Days on Market

Highlights

  • Newly Remodeled
  • Deck
  • Wheelchair Access
  • 0.81 Acre Lot
  • 18 Car Detached Garage
  • Baseboard Heating

About This Home

As of December 2014

Great location for this 18 unit apartment complex with garages for each unit. Centrally located to elementary, high school & shopping area. Close to public golf course & other community amenities. Lucrative cash flow with this investment property.

Last Agent to Sell the Property

Rick Mummert

Ron Holtan Real Estate Listed on: 07/02/2014

Co-Listed By

Craig Hoium

Ron Holtan Real Estate

Last Buyer's Agent

Agent Non-Member

Non-Member

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,037

Year Built

  • Built in 1990 | Newly Remodeled

Lot Details

  • 0.81 Acre Lot
  • Lot Dimensions are 201.9' x 175'
  • Few Trees

Parking

  • 18 Car Detached Garage
  • Shared Driveway

Home Design

  • Frame Construction
  • Steel Siding
  • Vinyl Siding

Interior Spaces

  • 17,052 Sq Ft Home
  • 3-Story Property

Kitchen

  • Range
  • Dishwasher

Finished Basement

  • Walk-Out Basement
  • Partial Basement
  • Block Basement Construction
  • Basement Window Egress

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Electric Water Heater
  • High Speed Internet

Additional Features

  • Wheelchair Access
  • Deck
  • Upper Level

Community Details

  • 18 Units
  • Coin Laundry

Listing and Financial Details

  • Tenant pays for broadband, cable TV, electric
  • The owner pays for lawn, maint/repair, snow, trash, water/sewer
  • Assessor Parcel Number 342920010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,037

Year Built

Built in 1990 | Newly Remodeled

Lot Details

0

Parking

18

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Classification: NonHomestead
  • Ada Features: Partially Wheelchair
  • Assessments: Yes
  • Construction: Completed New Construction
  • Mechanicals: Water Heater - Electric
  • Parcel Number: 342920010
  • Rental License: Yes
  • Stories: 3 Story
  • Street Designation: Avenue
  • Estimated Number of Acres: 0.81
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Range/Stove, Refrigerator
  • Basement Features: Daylight/Lookout Windows, Egress Windows, Finished
  • Basement Material: Concrete Block
  • Basement Style: Partial, Walk-out
  • Finished Above Grade Sq Ft: 11368
  • Total Fin Square Footage: 17052
  • Total Square Footage: 17052
  • Below Grade Finished Sq Ft: 5684

Exterior Features

  • Frontage Road: City, Paved
  • Soil Type: Clay
  • Construction Type: Frame/Wood
  • Exterior: Steel, Vinyl
  • Exterior Amenities: Deck, Driveway - Concrete, Driveway - Shared

Garage/Parking

  • Garage Type: Detached
  • Number Garage Spaces: 18
  • Number Off Street Parking: 12

Utilities

  • Fuel: Electric
  • Heat: Baseboard
  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • Shared: Coin-op Laundry Owned

Lot Info

  • Lot/Land Description: Tree Coverage - Light
  • Estimated Lot Dimensions: 201.9' x 175'

Rental Info

  • Owner Expense: Lawn, Maint/Repair, Snow, Trash, Water/Sewer
  • Tenant Expense: Broadband, Cable TV, Electric

Building Info

  • Year Built: 1990

Multi Family

  • Est Annual Gross Expense: 92600

Tax Info

  • Year: 2014
  • Tax Value: 9037.2

MLS Schools

  • School District: Albert Lea #241

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
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
12/23/2014 12/23/14 Sold $515,000 -3.7% $30 / Sq Ft
07/08/2014 07/08/14 Pending -- -- --
07/02/2014 07/02/14 For Sale $535,000 -- $31 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2014

    Rick Mummert

    Ron Holtan Real Estate

  • C

    Seller Co-Listing Agent in 2014

    Craig Hoium

    Ron Holtan Real Estate

  • A

    Buyer's Agent in 2014

    Agent Non-Member

    Non-Member

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4642641

REALTOR® Association of Southern Minnesota

APN: 34.292.0010

Minnesota Freeborn County Albert Lea 56007

1609 Bridge Ave, Albert Lea, MN

Not Listed for Sale

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