328 Fairgrounds Road, Alexandria, MN 56308

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1900
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 1265
Above Ground SqFt: 2530
Below Grd Total SqFt: 500
Total SqFt: 3030
Foundation Size: 1265
Style: (MF) Four Plex
Total Finished Sqft: 3030.00
Power Company: Alexandria Light & Power
Garage Stalls: Yes
Lot Dimensions: 125x165
Acres: 0.47
Assessment Pending: No

Property Features

Accessible: None Basement: Partially Finished Construction Materials: Frame Construction Status: Previously Owned Electric: Circuit Breakers Exterior: Wood Foundation: Stone Fuel: Natural Gas Heating: Forced Air Internet Options: Cable Laundry: Common Area Lock Box Type: Combo Rental License Type: Standard Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Asphalt Shingles Sewer: City Sewer/Connected Stories: Two Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 289900
ListPrice: 289900
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 328
Street Name: Fairgrounds
Street Suffix: Road
Postal City: Alexandria
County: Douglas
State: MN
Zip Code: 56308
Complex/Dev/Subdivision: Langhausens Sub Lt K Behengs

Assessments

Tax With Assessments: 3328
Assessment Balance: 0

Basement

Foundation Dimensions: 28x46
Partially Finished: Yes

More Information

Building Information

Finished SqFt Above Ground: 2530
Finished SqFt Below Ground: 500

Income and Expenses

Annual Electric Expense: 2886
Annual Fuel Expense: 3336
Annual Gross Expenses: 12139
Annual Gross Income: 42900
Annual Insurance Expense: 1589
Annual Trash Expense: 1000
Annual Caretaker Expense: 0
Annual Maintenance Expense: 0
Annual Repair Expense: 0
Annual Water/Sewer Expense: 0
Total Annual Expenses: 0

Lease Details

Land Leased: Not Applicable

Lock Box Type

Lock Box Source: ALEX
Combo: Yes

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Dimensions: 12x18
Garage Door Height: 7
Garage Door Width: 8
Garage Square Feet: 216

Public Survey Info

Range#: 38
Section#: 24
Township#: 128

Unit 1

Furnished?: No
Leased?: No
Unit Number: Yes
3/4 Baths: Yes
Annual Rent: 14400
Finished SqFt: Yes
Full Baths: Yes
Monthly Rent: 1200
No. of Units Like This: Yes
Total Baths: 2
Total Bedrooms: 3
Total Rooms: 8

Unit 2

Furnished?: No
Leased?: No
Unit Number: 2
Annual Rent: 9600
Finished SqFt: Yes
Full Baths: Yes
Monthly Rent: 800
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 6

Unit 3

Furnished?: No
Lease Expiration Date: 2026-07-01
Leased?: Yes
Unit Number: 3
Annual Rent: 11100
Finished SqFt: Yes
Full Baths: Yes
Monthly Rent: 925
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 6

Unit 4

Furnished?: No
Lease Expiration Date: 2026-07-01
Leased?: Yes
Unit Number: 4
Annual Rent: 7800
Finished SqFt: Yes
Full Baths: Yes
Monthly Rent: 650
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 5

Unit Details

Total Units: 4

Office/Member Info

Association: GAAAR

Location, Tax and Other Information

Legal Description: SEC-24 TWP-128 RANG-38 LANGHAUSENS SUB LOT K BEHENGS SUB G.LOT 1 NE .47 AC OF LOT 13 EX: .52 AC TRACT (75' X 300' & IRREG .80 AC TRACT. AC .47
Listing City: Alexandria
Map Page: 999
Municipality: Alexandria
School District: Alexandria
School District Phone: 320-762-2141
Zip Plus 4: 638
Property ID Number: 632877000
Tax Year: 2026
Tax Amount: 3328
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: 4 plex so close to the Fairgrounds and downtown! This investment property grosses nearly $43K per year in income. Start your investment journey or add to your portfolio. 1-3BR Unit, 1-2BR Unit, and 2-2BR units.
Directions: Cr 82 to Fairgrounds Rd

Accessible

None: Yes

Construction Materials

Frame: Yes

Construction Status

Previously Owned: Yes

Electric

Circuit Breakers: Yes

Exterior

Wood: Yes

Foundation

Stone: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Internet Options

Cable: Yes

Laundry

Common Area: Yes

Rental License Type

Standard: Yes

Road Frontage

City Street: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Asphalt Shingles: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Water

City Water/Connected: Yes

No. of Ranges

Four: Yes

No. of Refrigerators

Four: Yes