411 Court St Albert Lea, MN 56007

Fantastic 4-Plex Investment Opportunity! This well-maintained 4-unit property is a rare find for both seasoned investors and owner-occupants alike. Live in one apartment and let the rental income cover your mortgage, or simply enjoy steady cash flow from a fully rented building with long-term tenants. Property Highlights: "¢ Solid investment with established tenants and consistent rental history "¢ Roof less than 10 years old, cedar siding, and newer landscaping "¢ Ample off-street parking, two decks, and attractive curb appeal "¢ Located in a revitalized neighborhood with continued growth potential Financials: "¢ Estimated Rental Income: $2,325/month ($27,900/year) "¢ Estimated Expenses: $925/month ($11,100/year) "¢ Net Income Potential: $1,400/month ($16,800/year) Current Units & Tenants: "¢ Apt 1: $475/month - Upstairs Efficiency - 13-year tenant "¢ Apt 2: $575/month - Upstairs 1 Bed/1 Bath - 1-year tenant "¢ Apt 3: $575/month - Main 1 Bed/1 Bath - 4-year tenant "¢ Apt 4: $700/month - Main 1 Bed/1 Bath - currently owner-occupied Apartment Features: "¢ All units include window A/C and appliances "¢ Utilities (electric, gas, water, garbage, satellite) included in rent "¢ Basement with sump pump, water heater, and furnace Owner's Apartment (Apt 4): Beautifully updated 1 bed/1 bath unit featuring: "¢ Kitchen with pantry, stainless steel fridge, range, and dishwasher "¢ Stackable washer/dryer hookups "¢ Enclosed dog door with access to large outdoor kennel "¢ Spacious dining & living areas, full bath with tub/shower "¢ Gorgeous original woodwork, front & back entrances, and private deck "¢ A must-see home full of character! Additional Details: "¢ Buyer to pay closing costs Don't miss this opportunity to own a strong income-producing property with long-term stability and the option for owner occupancy.