Attention Investors! Step right into your next investment with this property that can wear many hats. Right in the heart of lakes country sits this nicely managed and remodeled mixed use space. Looking to move your business or office, and make some nice rental money to boot? Here you go! Apartment #1 is a 3 bed 2 bath unit that rents for $1425. Apartment #2 is a 2 bed 1 bath and currently rents for $1300, and apartment #, is a 3 bed 1 bath and rent is $1475. The commercial space is currently owner-occupied, so there is even more income producing potential! Looking to move your business? This would be a great spot to move your boutique/coffee shop, a water equipment rental shop, an art gallery(current use), a professional office space or even a bait shop! Whether you're adding to your portfolio, or just starting your investment journey, the possibilities are plentiful, and this is a must see. New steel roof, A/C and Furnace, remodeled Apt #2&3 in 2019, Remodeled Apt# 2 in 2022
Presented By: Real Estate by Jo, LLC
Interior Features for 3904 County Road 42 NE
Other Interior Features
Above Grade Finished Area4996
BasementBlock, Full, Unfinished
Basement (Y/N)Yes
Below Grade Finished Area
Foundation Dimensionsirregular
FuelNatural Gas
General for 3904 County Road 42 NE
AccessibilityNone
Additional Parcels Y/NNo
Association AmenitiesCoin-op Laundry Owned
Buyer Agent Compensation2.50
Buyer Agent Compensation Type%
CityAlexandria
Construction MaterialsWood Siding
ContingencyNone
CountyDouglas
Days on Market28
DirectionsHead North on Broadway St, turn right on 3rd ave, turn left on to N Nokomis, turn left on County Rd 42 NE, turn right on to county Rd 42 NE, the destination will be on the left.
Electric Expense3600
Fuel Expense2064
Garage Spaces
Gross Income50000
HeatingForced Air
High School DistrictAlexandria
Insurance Expense3800
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Lot Size UnitsAcres
MaintenanceExpense300
NST_SqFtTotal7138.00
New ConstructionNo
NumberOfUnitsTotal4
Operating Expense18000
OwnerPaysAll Utilities
PostalCityAlexandria
Property SubTypeApartment
Property TypeResidential Income
RoofAge Over 8 Years, Age 8 Years or Less, Flat, Metal
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