$550,000
Austin, MN 55912
MLS# 6825866
6488 sqft
1 / 10
Property Description
Opportunity and value in Downtown Austin Minnesota. 9 updated units. Ample parking, with great cash flow! Total rents are $7,605, and Management could transfer with the new owner. This has some nice updates throughout the units and mechanics, it also features a brand new roof in 2025. See supplement for related information and income/expenses.
Details
Maps
Contract Information
Status: Active
Contingency: None
Current Price: $550,000
Original List Price: 550000
ListPrice: 550000
List Date: 2025-12-10
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1903
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Main Floor Total SqFt: 2456
Above Ground SqFt: 5288
Below Grd Total SqFt: 1200
Total SqFt: 6488
Foundation Size: 1200
Style: (MF) Other
Total Finished Sqft: 6338.00
Garage Stalls: 4
Lot Dimensions: 99 x 93
Acres: 0.21
Location Tax and Other Information
House Number: 310
Street Direction Prefix: S
Street Name: Main
Street Suffix: Street
Postal City: Austin
County: Mower
State: MN
Zip Code: 55912
Complex/Dev/Subdivision: Berry S Add
Assessments
Tax With Assessments: 6902
Building Information
Finished SqFt Above Ground: 5288
Finished SqFt Below Ground: 1050
Income and Expenses
Annual Fuel Expense: 17212
Annual Gross Expenses: 19495
Annual Gross Income: 91260
Annual Trash Expense: 2283
Total Annual Expenses: 19495
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Square Feet: 600
Unit 1
Furnished?: No
Leased?: Yes
Unit Number: 1
No. of Units Like This: 1
Total Rooms: 1
Unit Details
Total Units: 4
Property Features
Accessible: None
Construction Materials: Frame
Construction Status: Previously Owned
Electric: 200+ Amp Service
Existing Financing: Free and Clear
Exterior: Brick/Stone; Vinyl; Wood
Foundation: Brick/Mortar
Fuel: Natural Gas
Heating: Forced Air
Internet Options: Cable; DSL; Satellite
Lot Description: Irregular Lot
Parking Characteristics: Carport
Roof: Age 8 Years or Less; Asphalt Shingles
Sellers Terms: Cash; Contract for Deed; Conventional
Sewer: City Sewer/Connected
Stories: Two
Water: City Water/Connected
Listing Office: Compass
Last Updated: December - 31 - 2025
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.