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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Alexandria, MN
Listed for sale 6 days ago
$ 203,000
ROI
21.0
Cash Flow/m
73- 2 Bed
- 2 Bath
- 1300 sft
1415 Lake St APT 131, Alexandria, MN, 56308
$ 130,000
ROI
23.0Cash Flow/m
117- 1 Bed
- 1 Bath
- 878 sft
1415 Lake St APT 142, Alexandria, MN, 56308
$ 184,900
ROI
27.3Cash Flow/m
387- 2 Bed
- 2 Bath
- 940 sft
509 6th Ave W APT 105, Alexandria, MN, 56308
$ 199,000
ROI
25.5Cash Flow/m
315- 2 Bed
- 1 Bath
- 1217 sft
1415 Lake St APT 105, Alexandria, MN, 56308
Why Invest in Alexandria, Minnesota?
Investing in condos in Alexandria, MN, presents a unique opportunity to tap into a growing market with stable rental demand. The average ROI of 7.2% and rental yield near 6.5% reflect the area's solid cash flow potential. With an average cash flow of $850 and an appreciation rate of 3%, investors can expect steady gains. Condos offer attractive cap rates of 5.8%, supported by a renter-occupied rate of 52%. This market is ideal for investors seeking consistent returns in a dynamic small-city environment.
7.2%
Avg. ROI
6.5%
Rental Yield
5.8%
Cap Rate
$850/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield for condos in Alexandria is approximately 6.5%, indicating a healthy return on rental properties in the area.
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