226 3rd Avenue SE, New London, MN 56273

$159,900 Asking Price

2 beds
2 baths
1,779  sqft
Built in 2008

Investor's Dream! Spacious Corner Lot Property with Duplex Potential. Discover an exceptional investment opportunity in the heart of New London. This spacious corner lot property, set on .48 acres of prime real estate, offers tremendous potential for conversion back into a duplex, maximizing your income potential. Recently refinished basement with new flooring, featuring a full kitchen, a spacious bedroom, and a 3/4 bath. Main Level boasts a large bedroom (with the potential to be split into two rooms), a 3/4 bath, a large laundry room, and a cozy living room. The kitchen area is ready to be reinstalled with just the addition of appliances. Prime New London location, close to downtown and all its amenities, ensuring high desirability and rental demand. This property offers a unique opportunity for investors looking to capitalize on the booming New London real estate market. Don't miss out on the chance to own a versatile property with significant income potential.


Features & Amenities

Interior

Rooms:
Living Room, Kitchen, Bedroom 1, Bedroom 2, Kitchen- 2nd, Laundry, Family Room
Master Bath:
3/4 Basement,Main Floor 3/4 Bath
Appliances:
Dryer, Microwave, Range, Refrigerator, Washer
Basement:
Block, Drainage System, Finished, Walkout
A/C:
Window Unit(s)
Heating:
Forced Air
Fireplace:
Fireplaces: 0

Exterior

Parking:
Concrete

Construction

Roofing:
Age Over 8 Years
General:
One

Location

HOA Amenities:
0.0
Originating MLS:
northstar
School District:
New London-Spicer
County:
Kandiyohi

Lot

Zoning:
602000520

Utilities

Water:
City Water/Connected
Sewer:
City Sewer/Connected

Financial

Source:
northstar

This listing courtesy of:
Realty Group Inc.

About New London, MN

Housing

Number of Units
2,471
Median Home Value
$274,386
Median Rent
$648

11.88% of housing units are renter occupied.

22.45% are vacant.

Commute

Car
79.27%
Public Transportation
0.73%
Walk to Work
2.01%
Work from Home
16.43%
Other
1.40%

The median travel time to work is 20 minutes.

People

Population
4,402
Median Age
47.00
Median Household Size
2.61

Education

High School
24.54%
Associate’s Degree
17.91%
Bachelor’s Degree
20.68%
Graduate Degree
10.98%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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