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Excellent investment opportunity priced to meet the 1% rule and located in a highly convenient area. Just minutes from downtown Faribault with quick access to I-35 and Highway 60, this property offers both strong rental potential and long-term upside. The building features four units: two 2-bed/1-bath units and two 1-bed/1-bath units. Rents in Units 1, 3, and 4 are currently well below market, providing a great value-add opportunity for the next owner. The property showcases tall ceilings and plenty of character throughout. Additional amenities include ample on-site parking, a garage, and a storage shed.
| TRACT | Paquins 2nd Add | YEAR BUILT | 1900 |
|---|---|---|---|
| GARAGE SPACES | 1.0 | COUNTY | Rice |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| BASEMENT | Partial, Yes |
|---|---|
| GARAGE | Yes |
| HEAT | Forced Air, Natural Gas |
| LOT | 0.402 acre(s) |
| LOT DIMENSIONS | 99x177 |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | Paquins 2nd Add |
| TAXES | 3806 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
P
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*Estimate only
Listed with Premier Real Estate Services
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Information deemed reliable but not guaranteed.
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