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501 W 3rd Street
Monticello, MN 55362

$417,000

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Listing Details

  • $417,000
  • MLS# 7083432
  • Type Multi Unit - Multiple
  • Status Active
  • 2,977
    Square Feet
  • 0.501 acres
    Lot Size
  • 1956
    Year Built
  • Monticello
    Local Schools

Listed By

Agency Name: RE/MAX Advantage Plus
Agency Phone: 320-264-9241

Shown By

Agency Title: Town & Country Realty
Agency Phone: (701) 293-3333

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Home Value Estimate


Description

Excellent turnkey triplex investment opportunity in Monticello! This fully occupied property features two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit with established tenants and lease agreements in place, offering immediate cash flow and stable rental income. Numerous updates have been completed throughout the property, including remodeled kitchens, bathrooms, flooring, fixtures, and finishes that contribute to strong tenant appeal and pride of ownership. Major improvements include a new roof (2025), new water heater (2025), and new furnace (2021), helping minimize future capital expenses. Separate electric meters serve each...read more

Features

  • Heating: Baseboard, Forced Air
  • Taxes: $4,906
  • Water: City Water/Connected
  • Year Built: 1956

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