Units 1 through 4 feature identical layouts with 1 bedroom, 1 bathroom, and 1 bonus room, each rented at $650 monthly. Unit 5 offers a 2-bedroom, 1-bathroom layout with 1 bonus room, currently vacant, rents at $750. There's potential for a 6th unit - a top-floor attic already insulated and ready for customization. The owner covers all utilities and has maintained stable rents for years, offering potential for rent adjustments under new ownership. Managed locally, this property presents a hassle-free investment opportunity. Centrally located in Austin, Minnesota, the property enjoys proximity to modern conveniences. Third level ripe for developmentāideal for a personalized owner-occupied space, or additional income. Do not wait, this will not last long! Unlock the potential of Southern Minnesota's healthcare boom with this exclusive investment opportunity!
Austin is located in Minnesota. Austin, Minnesota has a population of 24,882. Austin is less family-centric than the surrounding county with 29.16% of the households containing married families with children. The county average for households married with children is 29.74%.
The median household income in Austin, Minnesota is $46,923. The median household income for the surrounding county is $53,700 compared to the national median of $57,652. The median age of people living in Austin is 37.9 years.
The average high temperature in July is 80.7 degrees, with an average low temperature in January of 4.5 degrees. The average rainfall is approximately 34.6 inches per year, with 37.8 inches of snow per year.