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31383545
31383572

1110 W Oakland Ave, Austin, MN 55912

DC
MN 40887410
RE/MAX Results
Listed by RE/MAX Results
$295,000
67 days on market
Updated 10 days ago

Triplex in Austin

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,072
Units 3
Cap Rate 8.76%
Occupancy 100%
Pro-Forma Cap Rate 10.21%
Pro-Forma NOI $30,123
Price per SqFt $96
Year Built 1920
Year Renovated 2024
Buildings 1
Stories 2
Acreage 0.140
Investment Type Owner/User

Multifamily | 3 Units | $103,333/unit

Marketing description

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.

Investment highlights

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

Listing Contacts

DC
MN 40887410
RE/MAX Results
Listed by RE/MAX Results

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Additional Information

Name
Diego Correa
License
40887410
Brokerage
RE/MAX Results
Brokerage Phone
5076019145
Title
Real Estate Agent
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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