Call Us Contact

My notes for this property

Add listing to my favorites (required)
/mo   Edit
Multi-family:  Duplex Side by Side
Built 1973
4,892 sqft
Albert Lea schools
MLS# 6016933
My rating:
Request a Showing:
Ask the Agent

Ask the Agent

    Property inquiries submitted online are continually monitored to provide the best possible service.

    Thank You!

    An agent will be in contact with you soon to answer your question.

    Description:   Here is a rare & absolutely fantastic investment opportunity to own 2 very nicely updated and occupied, two-bedroom, 2 bath, twin-homes right next door to one another on Spartan Ave in Albert Lea's Southwest side of town. This is a great location near Wedgewood Golf Course, The Cove Restaurant, Southwest Middle School, Sibley Elementary, Pickerel Lake, Churches, some shopping and it's only minutes from Northern Iowa, I-90 & I-35. These two properties each have 2 separate large decks off of sliding doors from their kitchens to Large yards & each unit has a private attached garage. This is a great investment opportunity in a community with a high demand for rental homes like this.
    List Price: $450,000
    Price per sqft: $92
    Property Type: Multi-family
    Listing Status: Active
    Contingency: None
    Property Style: Duplex Side by Side
    Year Built: 1973
    City: Albert Lea
    County: Freeborn
    State: MN
    Zip Code: 56007


    Fin Sq Ft / Living Area: 4,892 sqft
    Above Ground Living: 2,496 sqft
    Below Ground Living: 2,396 sqft
    Total Ranges: Four
    Total Refrigerators: Four
    Basement Details: Full, Finished, Sump Pump, Block, Single Tenant Access


    Heating System: Forced Air
    Foundation Size: 1,248 sqft
    Road Frontage: City Street
    Handicap Accessible: None
    Exterior Material: Vinyl Siding
    Garage Spaces: 4
    Upper Level Size Sq Ft
    Unit 1 Dining Room   
    Unit 1 Kitchen   
    Unit 1 Living Room   
    Level Size Sq Ft
    Unit 1 Family Room   
    Lower Level Size Sq Ft
    Unit 1 Bedroom 1   
    Unit 1 Bedroom 2   
    Unit 1 Extra Room 1   


    Acres: 0.59
    Latitude: 43.63429051
    Longitude: -93.39141831
    Lot Size Dim.: 212x130
    Dev/Complex Name: Southgate Add
    Zoning: Residential-Multi-Family


    School District: 241
    District Phone: 507-379-4800


    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: $4,800
    Annual Maintenance Expense: None
    Annual Gross Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $1,440
    Tenant Expenses: Electricity, Fuel, Trash Collection, Cable TV

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $3,722
    Assessment Pending: No
    Taxes w/ Assessments: $3,722


    Annual Gross Income: $45,780


    Total Units: 4


    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    Payment:  /mo

    Local Home Mortgage Professionals

    Jeff Zajac
    Area Sales Manager
    Truestone Home Mortgage
    Jeff Zajac joined the Truestone Home Mortgage team in 2014. With more than 10 years experience in the mortgage industry, Jeff is an expert in VA, FHA, conventional and construction loans. Jeff was one of the top five producers in the state of Minnesota in 2013. Jeff holds a bachelor's degree in economics and business administration from Augsburg College and participates in the Real Estate Investment Professionals business networking group. In his free time, Jeff spends his days as a youth hockey referee and coach.

     Residential Loan Pre-Qualification Form

    To get started on your loan pre-qualification, please complete the form below. A loan officer will need to gather additional information in order to determine your eligibility for a loan.


    I would like to get pre-qualified:  

    I am interested in buying:  

    I plan to use my new home as:  

    I want to finance using:  

    Loan term:  

    I am interested in down payment assistance:  

    Down payment amount:  

    I am married:  

    I am currently renting:  

    My credit score:  


    Listing provided by RMLS, courtesy of Robert Hoffman Realty Inc..
    Disclaimer: The information contained in this listing has not been verified by and should be verified by the buyer.