1110 W Oakland Ave - Apartments FOR SALE


Austin, MN 55912
$350,000 USD
507-601-9145
1110 W Oakland Ave, Austin, MN for Sale
$350,000 USD
Apartments - FOR SALE
1/27
null | 8.61% Cap Rate

1110 W Oakland Ave
Austin, MN 55912


HIGHLIGHTS

  • In Front of Kwik Trip
  • Located On One Of The Busiest Roads Of Austin
  • Coin Laundry & 2-Car Garage For Extra Income

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$350,000 USD

PRICE/SF

$114 USD /SF

# OF UNITS

3

PRICE/UNIT

$116,667

CAP RATE

8.61%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

Multi-Family/Commercial

APN/PARCEL ID

34.795.2210

ASK ABOUT THIS PROPERTY

Diego Correa BravoYLR Real Estate Group - RE/MAX ResultsMore Info
507-601-9145

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Diego Correa BravoYLR Real Estate Group - RE/MAX ResultsMore Info
507-601-9145

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.