This is your chance to own a fully leased, income-generating triplex on high-visibility Oakland Ave, one of the busiest and best-located streets in Austin, MN. With strong current rents totaling $3,800/month, plus untapped potential for an additional $200+ monthly from garage rental and coin-operated laundry, this property is a cash-flow machine from day one.
The building features three units – one fully renovated 1 bed/1 bath (previously an office, now brand new inside) and two spacious 2 bed/1 bath units. Tenants love the location and layout, and leases are solid, with one unit locked in for 2 more years.
Recent updates include a new roof (under 6 months old), ensuring low maintenance for years to come.
Whether you're looking to add a strong performer to your portfolio or get started in multifamily investing, this property delivers stable income, location appeal, and future upside.