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Triplex In Austin 1110 West Oakland Avenue, Austin, MN 55912
Property Description
This is your chance to own a fully leased, income-generating triplex on high-visibility Oakland Ave, one of the busiest and best-located streets in Austin, MN. With strong current rents totaling $3,800/month, plus untapped potential for an additional $200+ monthly from garage rental and coin-operated laundry, this property is a cash-flow machine from day one.
The building features three units – one fully renovated 1 bed/1 bath (previously an office, now brand new inside) and two spacious 2 bed/1 bath units. Tenants love the location and layout, and leases are solid, with one unit locked in for 2 more years.
Recent updates include a new roof (under 6 months old), ensuring low maintenance for years to come.
Whether you're looking to add a strong performer to your portfolio or get started in multifamily investing, this property delivers stable income, location appeal, and future upside.
Highlights
- Right Accross The Street From Kwik Trip
- Located On One Of The Busiest Streets Of Austin
- Coin Laundry & 2-Car Garage For Some Extra Income
Full Address: 1110 West Oakland Avenue, Austin, MN 55912
Listing Type: FOR SALE
Status: Active
Occupancy Rate: 100
Building Class: C
Zoning: Multi-Family/Commercial
Region: M-WN
County: Mower County
Use Type: Multi-Family
Property ID: 4074139
Has Sewer: Yes
Has Water: Yes
Has Electric: Yes
Has Gas: Yes
Traffic Count: 10,417 VPD
Roof: 2024
Building Sf: 3072
Parcel Num: 34.795.2210
Number Units: 3
Number Buildings: 1
Year Built: 1920
Year Renovation: 2024
Number Parking Spaces: 2
Cap Rate: 8.61
Tenancy Type: Multi-Tenant
- Right Accross The Street From Kwik Trip - Located On One Of The Busiest Streets Of Austin - Coin Laundry & 2-Car Garage For Some Extra Income
Average Monthly Rent - 1 Bed/1 Bath: 950
Average Monthly Rent - 2 Bed/1 Bath: 1350
Average Monthly Rent - 2 Bed/1 Bath: 1500
Cash On Cash: 8
Cf Pre Tax: 7355
Cf Net Op Income: 30124