1110 W Oakland Ave - Apartments FOR SALE


Austin, MN 55912
$324,990 USD
507-601-9145
1110 W Oakland Ave, Austin, MN for Sale
$324,990 USD
Apartments - FOR SALE
1/32
null | 8.76% Cap Rate

1110 W Oakland Ave
Austin, MN 55912


HIGHLIGHTS

  • Located on one of the busiest roads of Austin
  • Cash Flowing from day one
  • Strong tenant leases

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 $3750/month, plus untapped potential for additional $200+ monthly garage rental and coin operated laundry, this property is a cash flow machine for day one. The building features 3 units- one fully renovated 1 bed/1 bath (previously an office), and two spacious 2 bed/1 bath units. Tenants love the location and layout, and leases are solid. Recent updates include a newer roof (under 2 years old), insuring low maintenance for years to come. Whether you're looking to add a strong performer to your portfolio or get started in multi-family investing, this property delivers stable income, location appeal, and future upside.

FOR SALE DETAILS

PRICE

$324,990 USD

PRICE/SF

$106 USD /SF

# OF UNITS

3

PRICE/UNIT

$108,330

CAP RATE

8.76%

% 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 Notice.