For Sale: Faribault MLS# 6750435
Active Contingent
$305,000
Multi-family: Duplex Up and Down
Built 1860
1,599 sqft • 0.25 acres
Faribault schools
MLS# 6750435
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Property Description
This is a turn-key duplex with tenants under lease, and very little annual maintenance needed. Quiet neighborhood across the street from Bethlehem Academy. Lots of updates have been completed. Beautiful hardwood floors on main floor. Live in one and pay your mortgage with income from the other. This could also be easily converted back to a single family home.
Listing
Listing Status:
Active Contingent
Contingency:
Inspection
List Price:
$305,000
Price per sq ft:
$191
Property Type:
Multi-family
City:
Faribault
Garage Spaces:
2
County:
Rice
Year Built:
1860
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55021
Subdivision Name:
Daniel Faribaults Add
Interior
Finished Area:
1,599 ft2
Living Area:
1,599 ft2
Ranges:
Two
Refrigerators:
Two
Basement Details:
Full
Exterior
Stories:
One and One Half
Garage Spaces:
2
Garage Dimensions:
22x20
Garage Size:
440 ft2
Garage Door Height:
6
Garage Door Width:
8
Foundation Size:
738 ft2
Foundation Dimensions:
16x46
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
Detached
Road Frontage:
City Street
Exterior Material:
- Metal Siding
- Wood Siding
Roof Details:
- Age 8 Years or Less
- Asphalt
Lot & Land
Acres:
0.25
Geolocation:
44.288225, -93.273432
Lot Dimensions:
66 x 165
Lot Description:
Corner Lot
Schools
School District:
656
District Phone:
507-333-6016
Expenses
Annual Caretaker Expense:
$3,075
Annual Electric Expense:
None
Annual Fuel Expense:
$1,800
Annual Insurance Expense:
$1,800
Annual Maintenance Expense:
$1,000
Annual Gross Expense:
$6,625
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$750
Tenant Expenses:
Electricity, Trash Collection
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$2,886
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$2,926
Income
Annual Gross Income:
$28,200
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer - In Street
Water System:
City Water - In Street
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Listing provided by RMLS,
courtesy of Fathom Realty MN, LLC.
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.