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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 $3750/month, plus untapped potential for additional $200+ monthly garage rental and coin operated laundry, this property is a cash flow machine for day one. The building features 3 units- one fully renovated 1 bed/1 bath (previously an office), and two spacious 2 bed/1 bath units. Tenants love the location and layout, and leases are solid. Recent updates include a newer roof (under 2 years old), insuring low maintenance for years to come. Whether you're looking to add a strong performer to your portfolio or get started in multi-family investing, this property delivers stable income, location appeal, and future upside.
Highlights
- Located on one of the busiest roads of Austin
- Cash Flowing from day one
- Strong tenant leases
Full Address: 1110 West Oakland Avenue, Austin, MN 55912
Listing Type: FOR SALE
Status: Active
Occupancy Rate: 100%
Building Class: C
Region: M-WN
County: Mower County
Use Type: Multi-Family
Property ID: 4105974
Traffic Count: 10417 VPD
Building Sf: 2,208
Parcel Num: 347952210
Number Units: 3
Number Buildings: 1
Year Built: 1920
Year Renovation: 2024
Cap Rate: 8.76%
Tenancy Type: Multi-Tenant