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Great investment opportunity priced at the 1% rule in great location. Close to downtown Faribault with quick access to I35 and highway 60. Two units are 2 bed/1 bath and two units are 1 bed/1 bath. Unit 2 was just remodeled and is leased through October 2024. The other three units have long term tenants that have never missed a payment and are on month-to-month leases. Units 1, 3, and 4 have rents well below market, so there's opportunity to next owner to add value. Property has tall ceilings and lots of character. Plenty of on site parking, as well as a garage and shed. Seller is seller's agent.
| TRACT | Paquins 2nd Add | YEAR BUILT | 1900 |
|---|---|---|---|
| GARAGE SPACES | 1.0 | COUNTY | Rice |
| STATUS | Sold | PROPERTY TYPE(S) | Multi Family |
| School District | Faribault |
|---|
| ADDITIONAL DETAILS | |
| BASEMENT | Partial, Yes |
|---|---|
| CONSTRUCTION | Stucco |
| GARAGE | Yes |
| HEAT | Forced Air, Natural Gas |
| LOT | 0.4 acre(s) |
| LOT DIMENSIONS | 99x177 |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | Paquins 2nd Add |
| TAXES | 3118 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
P
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*Estimate only
Listed with Real Estate Masters, Ltd.
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Information deemed reliable but not guaranteed.
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