501 1st Street N
Virginia, MN 55792
- – beds
- – baths
- 1,418 sqft
- $77 per sqft
- 1904 build
- – on site
Turnkey Duplex with Strong Cash Flow – 13% Cap Rate! This well-maintained property is a solid investment opportunity with excellent returns. The upper unit features a long-term tenant currently paying $860/month, with potential to increase rent for even greater cash flow. Both units are in good condition, offering clean, comfortable living spaces. The building includes a basement with storage and laundry facilities, and has proven to be very low maintenance over time. Similar 2-bedroom units in the area qualify for Section 8 rents of up to $1,100/month, providing additional income potential. A great addition to any investment portfolio!
Last checked:
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Last updated Mar 26, 2025
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MLS# 6690399 —
The Building
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Year Built:1904
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New Construction:false
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Age Of Property:121
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Construction Materials:Aluminum Siding
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Roof:Asphalt
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Accessibility Features:None
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Levels:Two
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Main Level Finished Area:709.0000
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Basement:Partial, Stone/Rock, Storage Space
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Basement:true
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Foundation Area:709
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Building Area Total:1818
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Above Grade Finished Area:1418
Room Dimensions
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Living Area:1418
Location
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Directions:via S 2nd Ave W/S State Hwy 135 and 1st St N
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Latitude:47.524281
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Longitude:-92.539388
The Property
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Parcel Number:090001001780
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Property Type:Residential Income
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Property Subtype:Duplex Up and Down
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Additional Parcels:false
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Lot Size Area:0.07
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Lot Size Dimensions:121x20x7x116x25
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Lot Size Units:Acres
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Road Frontage Type:City Street
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Road Responsibility:Public Maintained Road
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Water Source:City Water/Connected
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Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (612) 636-2594
- Office phone:
- (952) 226-7700
Taxes
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Tax Year:2024
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Tax Annual Amount:1182
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Tax With Assessments:1182.0000
Heating & Cooling
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Heating:Boiler
Utilities
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Electric:Circuit Breakers
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Sewer:City Sewer/Connected
Appliances
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Refrigerator:Two
Schools
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High School District:Virginia
The Community
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Subdivision Name:Virginia
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Association Amenities:Common Laundry
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Assessment Pending:No
Parking
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Parking Features:Gravel, Parking Lot
Extra Units
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# of Units Total:2
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
3/25/25
Mar 25, 2025
|
Coming Soon | NORTHSTAR | $110,000 |