318 14th Ave E Alexandria, MN 56308

Listing details for 318 14th Ave E, Alexandria, MN 56308 : A great 4 plex close to the Tech School and down town. Nice corner lot. most of the units have been updated..currently 2 units will open up this month and will get new flooring in the LR and fresh paint. exterior wall on the exterior is getting painted as well. Owner pays heat/gas tenants pay Elec.. Common coin Opp laundry with separate entry for each unit is the LL. There are 3 nice size 1 bedroom units and 1 /2 bedroom unit in this 4 plex. Rents could be increased with new leases or extensions. New gross income with be posted when the 2 units that are opening up are leased. owner has been using the garage for personal use. each stall (2) could be also rented for additional income ie 75/ month each min. total $140/ month or $1680/ year additional income potential. proforma with rent increases and new leases estimated as follows units gross $41700 plus $1680 garage rent total gross potential $43,380