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 development—ideal 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!
The median home value in Austin, MN is $99,600. This is lower than the county median home value of $108,200. The national median home value is $219,700. The average price of homes sold in Austin, MN is $99,600. Approximately 60.63% of Austin homes are owned, compared to 29.61% rented, while 9.76% are vacant. Austin real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Austin real estate agent to arrange a tour today!
Austin, Minnesota 55912 has a population of 24,882. Austin 55912 is less family-centric than the surrounding county with 29.23% 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 55912 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 55912 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.