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415 College St

$79,900

415 College St, Albert Lea, MN 56007

Active
Last Updated: 07/05/2025

3,265 sqft

Building Size

0.19 acres

Lot Area

Details:
Building Size:    3,265 sqft
Lot Area:    0.19 acres
Units:    3
Year Built:    1890
Highlights:
  • Days on Market: 1
  • Lot Size Dimension: 67x20
Description:

If you are looking for a multi-unit building and you have the ability to do the remodel yourself, this is a great opportunity. We gutted most of the kitchens and bathrooms in preparation for a remodel. The exterior has been recently painted and the roof doesn't leak. Additionally, the utilities are separate for each unit. There is a furnace in the basement ready to replace the old one that is there. There was a small water loss event in one unit a year ago or so and the plumbing would need to be repaired. This has the potential to have (3) 2 bedroom 1 bath units that could rent starting at $850/mo. each depending on how nice the remodel is. The agent is the owner so reach out with any questions. The property is a show and go so schedule through ShowingTime.
PLEASE WATCH YOUR STEP IN UNIT 2 AS THE BATHROOM FLOOR HAS BEEN REMOVED IN PREPARATION FOR NEW FLOORING.

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