For Sale: Faribault MLS# 6637545
Active
$450,000
Commercial: Apartments
Built 1900
0.44 acres
Faribault schools
MLS# 6637545
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Property Description
Charming 5-Unit Rental Property in Historic Faribault! Nestled near the heart of Faribaultâ??s vibrant and historic downtown, this charming 5-unit rental property offers a rare blend of timeless character and modern convenience. Located within walking distance to the Minnesota Academy for the Deaf and the prestigious Shattuck-St. Maryâ??s School, this property is ideally situated for tenants seeking proximity to top local institutions and the amenities of downtown living. Inside, the building showcases original hardwood floors, elegant arched doorways, and classic architectural details that create a warm and inviting atmosphere. Tenants enjoy the convenience of on-site laundry facilities and off-street parking, while the propertyâ??s layout and features make it an excellent opportunity for an owner-occupant to live comfortably while generating rental income. Whether youâ??re an investor looking to expand your portfolio or a homeowner seeking a property with income potential, this versatile gem is worth exploring. Don't miss the chance to own a piece of Faribaultâ??s historic charm with incredible potential for the future. Schedule your showing today!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$450,000
Property Type:
Commercial
City:
Faribault
Garage Spaces:
0
County:
Rice
Year Built:
1900
State:
MN
Property Style:
Apartments
Zip Code:
55021
Subdivision Name:
City/Faribault
Interior
Ranges:
Five
Refrigerators:
Five
Exterior
Stories:
Two
Garage Spaces:
0
Other Parking Spaces:
10
Air Conditioning:
None
Foundation Size:
2,462 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Hot Water
Parking Features:
Parking Lot
Unit Amenities:
Hardwood Floors
Road Frontage:
City Street
Exterior Material:
Wood Siding
Roof Details:
- Asphalt
- Pitched
Lot & Land
Acres:
0.44
Geolocation:
44.294898, -93.259692
Inclusions:
Building, Leases
Lot Dimensions:
125 x 165
Zoning:
Residential-Multi-Family
Lot Description:
Tree Coverage - Light
Schools
School District:
656
District Phone:
507-333-6016
Expenses
Tenant Expenses:
Electricity, Gas
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$4,732
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$4,732
Units
Total Units:
5
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer - In Street
Available Utilities:
- Electric Separate
- Heating Separate
Water System:
City Water/Connected
Mortgage Calculator
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Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
Listing provided by RMLS,
courtesy of eXp Realty.
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.