Listed By
Agency Name: RE/MAX Advantage Plus
Agency Phone: 320-264-9241
Shown By
Agent Name: Kris Telkamp
Agent Phone: (320) 808-0162
Agency Title: Counselor Realty
Property Description
Excellent turnkey triplex investment opportunity in Monticello! This fully occupied property features two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit with established tenants and lease agreements in place, offering immediate cash flow and stable rental income. Numerous updates have been completed throughout the property, including remodeled kitchens, bathrooms, flooring, fixtures, and finishes that contribute to strong tenant appeal and pride of ownership. Major improvements include a new roof (2025), new water heater (2025), and new furnace (2021), helping minimize future capital expenses. Separate electric meters serve each unit, and the property is situated on a spacious half-acre lot, offering exceptional outdoor space and flexibility rarely found with multifamily properties. Conveniently located near downtown Monticello, parks, schools, shopping, dining, and major commuter routes, this well-maintained property offers immediate cash flow, a strong rental history, and long-term investment potential. Income and expense information available upon request.
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501 W 3rd Street, Monticello, MN 55362
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$ 2,749.91 per month $2,219.45 Principal & Interest $408.83 Property Tax $121.63 Homeowner's InsuranceChange Payment Information
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501 W 3rd Street, Monticello, MN 55362
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Agency License Information: Counselor Realty, Inc. is licensed in Minnesota and Wisconsin; Counselor Realty, Inc. of Alexandria is licensed in Minnesota; Counselor Realty Detroit Lakes, LLC is licensed in Minnesota; Counselor Realty of Rochester is licensed in Minnesota; Counselor Realty of Victoria, LLC is licensed in Minnesota; Counselor Realty of Brainerd is licensed in Minnesota.
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501 W 3rd Street | MLS# 7083432
This multi-family property located at 501 W 3rd Street, Monticello, MN 55362 is currently listed for sale with an asking price of $417,000. W 3rd Street is located within the Monticello school district. Search Monticello real estate on ktelkamp.counselorrealty.com today.