610 5th St, Jackson, MN 56143

For sale by owner investment property reaching and exceeding 2% deal at list price. If you’ve been looking for an affordable rental property or fixer upper home with serious upside, this one is worth a look. This property is currently configured as a triplex with an upper, middle, and lower unit, and a two stall garage. The property rented for $500/month/unit for the top and middle unit, $1k/month gross for the last 5 years of ownership putting the historical rents at a 2.2% of purchase price/month. The property does need some work as it just had two long term tenants move out after living there for 5 and 25 yrs. This should be viewed as a value-add investment property. The upper and middle units provide usable rental space, while the lower unit needs renovation work to return it to a triplex. For an investor or homeowner willing to put in some work, the unfinished space represents an opportunity to increase both rental income and overall property value. Or convert back to a large single family home just a block off the heart of downtown Jackson. This is a perfect low-cost entry point for an investor or house hacker looking to build equity fast. We are happy to work with buyer’s agents, if it’s listed it’s available. Message for a showing, 612-850-0059 or 612-850-7171.