For Sale: Faribault MLS# 7078713
Active
NEW!
$290,000
Multi-family: Duplex Up and Down
6 br • 2 ba • Built 1870
2,172 sqft • 0.113 acres
Faribault schools
MLS# 7078713
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Property Description
Discover a fantastic investment opportunity with this charming duplex, perfect for homeowners and investors alike. This property features both an upper and lower unit, each boasting 3 spacious bedrooms, a full bathroom, a well-appointed kitchen, an inviting dining room, and a cozy living room, making it an ideal living space for renters or your own family. Enjoy the tranquility of a beautifully fenced-in yard, perfect for outdoor gatherings or relaxing in the sun. Convenient laundry facilities are included, along with both on-street and off-street parking options, ensuring ease of access for residents and guests alike. Situated in a prime location, this duplex is just moments away from the vibrant downtown area of Faribault. You'll have easy access to grocery stores, gas stations, parks, and scenic walking trails, making it a wonderful place to live or rent. Don’t miss out on this opportunity! Call today to schedule your private showing and see all that this property has to offer.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$290,000
Price per sq ft:
$134
Property Type:
Multi-family
City:
Faribault
Garage Spaces:
1
County:
Rice
Year Built:
1870
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55021
Subdivision Name:
Mcclellands 2nd Add
Interior
Bedrooms:
6
Bathrooms:
2
Finished Area:
2,172 ft2
Living Area:
2,172 ft2
Basement Details:
- Daylight/Lookout Windows
- Full
- Shared Access
- Storage Space
Exterior
Stories:
Two
Garage Spaces:
1
Garage Size:
160 ft2
Foundation Size:
1,056 ft2
Fencing:
Chain Link, Partial
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Detached Garage
- Shared Garage/Stall
- Storage
Shared Amenities:
Coin-op Laundry Owned
Road Frontage:
City Street
Roof Details:
- Asphalt
- Pitched
Rooms
Laundry:
In Basement
Lot & Land
Acres:
0.113
Geolocation:
44.290796, -93.277832
Lot Dimensions:
66 x 75
Zoning:
Residential-Multi-Family
Lot Description:
Corner Lot
Schools
School District:
656
District Phone:
5073336016
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$1,560
Annual Fuel Expense:
None
Annual Insurance Expense:
$2,493
Annual Maintenance Expense:
$1,500
Annual Trash Expense:
$396
Annual Water/Sewer Expense:
$1,560
Tenant Expenses:
Electricity, Gas
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$3,234
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$3,294
Income
Annual Gross Income:
$30,600
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Weichert, REALTORS- Heartland.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.