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$319,900

7 Beds 3 Baths 3,560 SQFT 0.21 Acres
Type: Multi-Family

226 3rd Avenue S
Brownton, MN 55312

MLS#: 7046112
John & Michele Anselmo
John & Michele Anselmo
The Real Estate Advantage
Office Broker (Michele)
Phone: 612.619.3013
Office: 952.224.8800
Presented by: Premier Real Estate Services

Property Description

 

House Hack your way into real estate investing or expand your portfolio with this well-maintained triplex offering immediate income and future upside! Featuring two main-floor 2BR units and a remodeled 3BR lower-level apartment. The north main-floor 2BR unit is leased beginning 7/31 at $1,000/month, with tenant paying heat/gas, electric, and garbage. Two month-to-month leases provide flexibility for a new owner to adjust rental strategy over time, maximize income potential, or transition a unit for owner occupancy. Current rents for the month to month units $1050 & $975 plus utilities. Annual Gross Income: $36600 Annual Net: $21,859. Located on a corner lot with vinyl siding, steel roof, and a 1999 garage addition featuring three dedicated stalls with shared interior access. Tenants pay electric, garbage, and cable/internet. Conveniently located just 15 minutes south of Hutchinson with quick Hwy. 212 access to the SW Metro. Turnkey investment opportunity with immediate rental income and long-term potential!


 

Interior Features

Bedrooms

Total Bedrooms7

Bathrooms

Total Baths3

Other Interior Features

Above Grade Finished Area1,780 sqft
BasementDrain Tiled, Egress Window(s), Finished, Full, Concrete, Sump Basket, Sump Pump
Basement (Y/N)Yes
Below Grade Finished Area1,780 sqft
Foundation Dimensions55x33
FuelNatural Gas
Garage Dimensions26x36
Garage Door Width7 sqft
Garage Square Feet936
Laundry FeaturesCommon Area, Lower Level, Laundry Room

General

AccessibilityNone
Additional Parcels Y/NNo
Association AmenitiesLaundry, Coin-op Laundry Owned
CityBrownton
ContingencyNone
CountyMcLeod
DirectionsHighway 15 to Division to 3rd Ave
Electric100 Amp Service
Electric Expense550.85
Fuel Expense1200
Garage Spaces3
Gross Income36600
HeatingBoiler
High School DistrictGlencoe-Silver Lake
Insurance Expense3960.44
Land Lease Y/NNo
Lender OwnedNo
LevelsOne
Living Area3,560 sqft
Lot Size UnitsAcres
MaintenanceExpense1563
Net Operating Income21859
New ConstructionNo
Number Of Units Total3
Operating Expense10870
OwnerPaysElectricity, Gas, Hot Water, Sewer
PostalCityBrownton
Property SubtypeTriplex
Property TypeResidential Income
RoofMetal
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameInc Tadsens
Tax Annual Amount$5,732
Tax Year2026
Tenant PaysCable TV, Electricity, Telephone, Trash Collection
TopographyLevel
Trash Expense0
Water Sewer Expense2634.51
Year Built1930
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total3,600 sqft
FencingNone
Foundation Area1,800 sqft
Lot Dimensions75x122
Lot FeaturesCorner Lot
Lot Size Area0 sqft
Parking FeaturesAttached Garage
Road Frontage TypeCity Street
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

High School N/A
Middle School N/A
Elementary School N/A

  

Similar Properties

$319,900

7 Beds 3 Baths 3,560 SQFT 0.21 Acres
Type: Multi-Family

226 3rd Avenue S
Brownton, MN 55312

MLS#: 7046112
John & Michele Anselmo
John & Michele Anselmo
The Real Estate Advantage
Office Broker (Michele)
Phone: 612.619.3013
Office: 952.224.8800