$205,000

220 E 7th Street, Albert Lea, MN 56007


220 E 7th Street Albert Lea, MN 56007

For Sale MLS# 6306297

3 beds 4 baths 2,688 sq ft Multi-family

Data current as of {{getLocalTime('2023-03-20T18:21:03Z')}}

Details for 220 E 7th Street

MLS# 6306297

Description for 220 E 7th Street, Albert Lea, MN, 56007


Fully remodeled turn-key 4-plex. This mixed use 4-plex has years of historical rental income. The building features new roof, siding, flooring, paint, heating units, water heater and gravel parking lot. . Current management company is interested in continuing management. Vacant units are currently listed for rent and updates to the listing will be made as units are rented.

Listing Information


Property Type: Multi-family, Four Plex

Status: Active

Bedrooms: 3

Bathrooms: 4

Lot Size: 0.15 Acres

Square Feet: 2,688 sq ft

Year Built: 1949

Foundation: 1,344 sq ft

Garage: Yes

Stories: 2 Stories

Construction:

Property Attached: No

Date Available:

Model Home:

Development:

Completion date:

Subdivision:

Builder:

Foundation:

Total Units: 4

Current Use:

Background Check: No

Furnished:

Smoking Permitted: No

In Foreclosure: No

Lender Owned: No

Potential Short Sale: No

Auction: No

County: Freeborn

Days On Market: 136

HERS Score:

Construction Status: Previously Owned

School Information


District: 241 - Albert Lea

Elementary:

Middle:

High:

Interior Features


Square Footage above: 2,688 sq ft

Square Footage below:

Flooring:

Basement: None

Additional Interior Features:

Utilities


Water: City Water/Connected

Sewer: City Sewer/Connected

Available Utilities:

Other Utilities:

Heating: Radiant, Electric

Exterior / Lot Features


Garage Spaces: 2

Parking Description: Garage Sq Ft - 660.0

Exterior: Aluminum Siding

Lot View:

Lot Dimensions: 50x140

Farm Type:

Crop Type:

Zoning:

Additional Exterior/Lot Features:

Soil Type:

Tillable Acres:

Unit Information


Number of Units Like This: 1

Monthly Rent: 725

Total Baths: 1

Total Bedrooms: 1

Total Rooms: 4

Number of Units Like This: 1

Monthly Rent: 675

Total Baths: 1

Total Bedrooms: 1

Total Rooms: 4

Number of Units Like This: 1

Monthly Rent: 525

Total Baths: 1

Total Bedrooms: 1

Total Rooms: 3

Number of Units Like This: 1

Monthly Rent: 525

Total Baths: 1

Total Rooms: 3

Driving Directions


Travel South on Broadway to 7th St. Turn East (left) and travel to James Ave. The property is on the corner of 7th St and James Ave.

Financial Considerations


Other Deposit Fees:

Assessments: $9,873

Covenants/Deed Restrictions:

Terms:

Tenant Pays:

Owner Pays:

Annual Income: $29,400

Annual Expense: $16,297

Ownership Type:

Tax/Property ID: 340490110

Tax Amount: $2,022

Tax Year: 2022

HomeStead Description: Non-Homesteaded

Price Changes


$205,000 Original Price
$205,000 Current Price
+$0 Total Change
Date Price Change
11/4/2022 03:50 PM $205,000

Sales History

Date Price Change
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Tax Summary

Tax Year Estimated Market Value Taxable Market Value Total Tax
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Schools nearby 220 E 7th Street

Schools in attendance boundaries Grades Distance SchoolDigger® Rating i
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Schools nearby Grades Distance SchoolDigger® Rating i
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.

SchoolDigger® Rating

The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.

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Status Definitions

For sale: Properties which are available for showings and purchase

Active contingent: Properties which are available for showing but are under contract with another buyer

Pending: Properties which are under contract with a buyer and are no longer available for showings

Sold: Properties on which the sale has closed.

Coming soon: Properties which will be on the market soon and are not available for showings.

Contingent and Pending statuses may not be available for all listings