220 E 7th Street, Albert Lea, MN 56007
- $249,900
- 4
- BD
- 4
- BA
- 2,800
- SqFt
- List Price
- $249,900
- MLS#
- 7104298
- Status
- ACTIVE
- Type
- Multifamily
- Bedrooms
- 4
- Bathrooms
- 4
- Living Area
- 2,800
- Acres
- 7000
- Year Built
- 1949
Property Description
Exceptional 3 Bedroom 4 Bath 4-Plex located on the corner of 7th Street and James Ave. The fourth unit is a commercial space that is currently a laundry service. It was formally a salon and could be converted back to a salon or another apartment. This property has been rented continuously with a solid rental history. Significant remodeling occurred on the property since it was purchased including new roof, medal siding, electric services, mini-splits, paint and some flooring. The property is licensed through the city and the rent is just under $3000/month. The tenants are responsible for paying their own utilities. There is ample parking on the large gravel parking lot and the 3-stall garage. This turn key property is definitely one to look at.
Additional Information
- School District
- Albert Lea
- Tax Year
- 2026
- Fuel
- Electric
- Sewer
- City Sewer/Connected
- Heating
- Baseboard, Ductless Mini-Split
- Water
- City Water/Connected
- Basement
- None
- Parking
- Carport, Detached Garage, Gravel
- Garage Spaces
- 2
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Listing courtesy of Keller Williams Premier Realty.
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