, Alexandria, MN 56308 (MLS# 7017065)
$1,100,000
MLS# 7017065
Status: Pending
6700 sqft
1 / 45
Property Description
For sale: 14 unit apartment building right off County Road 82 in the desirable, growing city of Alexandria. Large, nearly acre lot with over 130ft of frontage. Expand the building for more income potential or sit back and enjoy the cashflow. Most of the units have been updated with only 1 left to bring up to speed. Heated 24x30 garage currently rented, full basement on the Southeast wing for easy access to mechanicals and or storage for tools, appliances etc... Alexandria is the perfect spot to start or expand your portfolio. With lots of infrastructure and employment opportunities, the city continues to lead a strong demand for housing. Most of the units being studio apartments, you'll find these easy to rent out and maintain. Reach out to view financials and see the competitive cap rate this property is offered at.
Details
Contract Information
Status: Pending
Off Market Date: 2026-05-29
Current Price: 1100000
Contingency: None
ListPrice: 1100000
List Date: 2026-02-25
Owner is an Agent?: Yes
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 20
Owner Occupied: No
Waterfront YN: No
Year Built: 1950
Yearly/Seasonal: Yearly
Zoning: Business/Commercial, Residential-Multi-Family
Foundation Size: 5200
Garage Stalls: 2
For Sale or Lease: For Sale
Acres: 0.94
Lot Dimensions: 140x295x140x295
Assessment Pending: No
Location Tax and Other Information
Postal City: Alexandria
County: Douglas
State: MN
Zip Code: 56308
Complex/Dev/Subdivision: Holes 2nd Add
Assessments
Tax With Assessments: 4236
Basement
Foundation Dimensions: Irregular
Building Information
Building Finished SqFt: 5200
Building SqFt: 6700
Income and Expenses
Annual Gross Income: 140520
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Dimensions: 30x24
Garage Door Height: 7
Garage Door Width: 8
Garage Square Feet: 720
Public Survey Info
Range#: 37
Section#: 20
Township#: 128
Sale Options
Sale Includes: Building, Land, Leases
Unit 1
No. of 1 Bedroom Units: 3
Unit 2
No. of 2 Bedroom Units: 1
Unit Details
Total Units: 14
Unit Information
No. of Efficiency Units: 10
Property Features
Accessible: No Stairs Internal
Air Conditioning: Window Unit(s)
Appliances: Dryer; Washer
Basement: Concrete Block; Storage Space; Unfinished
CMU Style: Apartments/Multi Family
Construction Materials: Block; Concrete
Construction Status: Previously Owned
Current Use: Commercial; Residential
Exterior: Vinyl
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Boiler; Radiant
On Site Utilities: Electric Common; Heating Common; Hot Water Common
Owner Pays: All Utilities
Parking Characteristics: Parking Lot; Paved Lot
Potential Use: Income
Rental License Type: Standard
Roof: Asphalt Shingles
Sewer: City Sewer/Connected
Shared Rooms: Other
Stories: One
Water: City Water/Connected
Listing Office: Hetland Realty, LLC
Last Updated: July - 03 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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