Priced at $49,900, the property at 304 Broadway Street South in Alden, Minnesota
Investor & Renovator Opportunity: Restoring Charm at 304 Broadway St S, Alden, MN
Priced at $49,900, the property at 304 Broadway Street South in Alden, Minnesota presents an exceptional opportunity for investors, renovators, and old-home enthusiasts looking to bring new life to a classic Midwestern residence.
With four bedrooms, two full bathrooms, and a detached two-car garage, this spacious home offers a strong foundation—both literally and figuratively—for a successful renovation project.
Much of the heavy lifting has already begun, making this property especially appealing to buyers ready to move forward with a clear vision and plan.
Property Snapshot
Address: 304 Broadway St S, Alden, MN 56009
Price: $49,900
Bedrooms: 4
Bathrooms: 2 (Full Baths)
Parking: Detached garage + gravel driveway
Garage: 2-car detached (20’ x 24’)
Foundation: Solid stone
Condition: Renovation project / investor special
This home is being offered as a fixer-upper, but it stands apart from many distressed properties thanks to its structural integrity, architectural character, and partially completed demolition work.
A Head Start on Renovation
One of the most attractive aspects of this property is that much of the demolition work has already been completed. For renovators, this can translate into significant savings in both time and labor costs. The home is already opened up and ready for improvements, allowing buyers to focus on rebuilding, modernizing, and finishing rather than tearing down.
This head start is particularly valuable for investors planning a flip or landlords preparing a long-term rental, as it accelerates the timeline from acquisition to completion.
Solid Construction and “Good Bones”
At the core of this home is a solid stone foundation, a feature that speaks to the durability and craftsmanship of older construction. Stone foundations, when properly maintained, can last for generations and often outperform modern materials in terms of longevity.
For seasoned renovators, this foundation provides peace of mind and a strong base for upgrades to mechanical systems, interiors, and finishes. For newer investors, it represents an opportunity to work with a structurally sound property that just needs thoughtful rehabilitation.
Historic Charm You Can’t Recreate
What truly sets 304 Broadway St S apart is the original character that remains intact. While many older homes lose their identity during renovations, this property still retains charming historic details that add warmth and authenticity, including:
Vintage door and window hardware
Original architectural accents
Stunning chandeliers that evoke the home’s historic era
These elements provide a unique opportunity to blend classic design with modern functionality. Preserving and showcasing these features can significantly enhance resale value and market appeal, especially for buyers who appreciate character homes.
Spacious Layout with Flexible Use
With four generously sized bedrooms and two full bathrooms, this home offers a flexible layout suitable for multiple end uses:
Single-family residence with ample living space
Rental property for long-term tenants
Flip project targeting buyers seeking space and charm
Multi-generational living setup
The square footage and room count allow for creative reconfiguration, whether that means adding an open-concept kitchen, expanding bathrooms, or creating a primary suite.
Parking and Storage Advantages
The property includes a detached two-car garage with dimensions of 20 feet by 24 feet, offering ample room for vehicles, tools, and storage. This is a major advantage for both homeowners and investors, especially during renovation phases when secure storage is essential.
The gravel driveway provides additional off-street parking, a practical feature that enhances everyday usability and rental appeal.
Ideal for Multiple Buyer Types
Investors and Flippers
With its low purchase price and renovation-ready condition, this home offers strong potential for resale value after updates. The preserved historic elements can be leveraged as a standout selling feature in the local market.
Buy-and-Hold Landlords
The four-bedroom layout and garage parking make this property attractive for long-term tenants. Once renovated, it could generate steady rental income while benefiting from appreciation.
Owner-Occupants with Vision
Buyers willing to take on a renovation project can create a customized home filled with character, often at a lower total cost than purchasing a move-in-ready property.
Location: Small-Town Living with Opportunity
Located in Alden, Minnesota, this property benefits from small-town charm, a quieter pace of life, and a strong sense of community. Homes like this appeal to buyers looking to escape larger metro areas while still enjoying space, affordability, and character.
For investors, smaller markets often offer lower acquisition costs and less competition, making them ideal for strategic renovations and long-term holds.
Endless Potential, Clear Vision Required
This is not a turnkey home—but it is a high-potential project for the right buyer. Success here depends on a clear renovation plan, realistic budgeting, and an appreciation for historic details. Those willing to invest the effort will be rewarded with a property that stands out from standard remodels and new construction.
The combination of completed demolition, solid construction, and original features creates an ideal starting point for a thoughtful restoration.
Final Thoughts
At $49,900, 304 Broadway St S represents a compelling opportunity to restore and reimagine a classic Minnesota home. With great bones, historic charm, and a renovation already underway, this property is perfectly positioned for investors, renovators, or owner-occupants ready to turn potential into reality.
Whether your goal is to flip, rent, or create a personalized residence, this home offers the space, structure, and character to make it happen. Opportunities like this—where history meets possibility—don’t come around often.
FROM ZILLOW
