Margaret Fernandez
Property Description
A compelling investment opportunity in the heart of Austin, this multifamily property offers four conforming units, one nonconforming unit, and additional upside for an investor with a vision. The property features four one-bedroom units, each with a bonus room, along with a fifth unit offering two bedrooms and a bonus room. Four units are currently rented at $650 per month, while the fifth unit is vacant, presenting an opportunity to secure a new tenant or explore alternative uses. The unfinished third level offers further potential for expansion, subject to applicable approvals, with possibilities for additional living space or future rental units. Rich in character and offering a flexible layout, the property presents an opportunity to reposition an established income-producing asset, evaluate rental rates, and pursue improvements over time. Centrally located in Austin, with convenient access to local businesses, services, and community amenities, this multifamily property offers investors an opportunity to build on existing income while exploring its longer-term potential.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Partial
Heating: Forced Air
Lot Size: 0.12 Acres
Taxes: $2,272
Year Built: 1900
Feature Descriptions
Days on Site: 8
Foundation Size: 1916
Lot Dimensions: 53x101
Parcel#: 341851030
Parking: Gravel, Other
Sewer: City Sewer/Connected
Units: 4
Water: City Water/Connected
Local Schools
School District: Austin
Listed By / Shown By
Listed By
Agency Name: Coldwell Banker Realty - Lakes
Agency Phone: 612-920-5605
Shown By
Agent Name: Margaret Fernandez
Agent Phone: (763) 221-4841
Agency Title: Counselor Realty
TOUR THIS HOME
Choose a date and time to see 403 2nd Street Nw, Austin, MN 55912.
An agent will get in touch to confirm your request shortly.
Estimate Your Payment
Estimated Payment
$ 1,929.70 per month $1,649.95 Principal & Interest $189.33 Property Tax $90.42 Homeowner's InsuranceChange Payment Information
Near By
Print This Listingx
Select a format below, new window will open and will prompt you to print.
403 2nd Street Nw | MLS# 7160383
This multi-family property located at 403 2nd Street Nw, Austin, MN 55912 is currently listed for sale with an asking price of $310,000. 2nd Street Nw is located within the Austin school district. Search Austin real estate on mfernandez.counselorrealty.com today.