For Sale: Faribault MLS# 7009206
Active
NEW!
$349,900
Multi-family: Triplex
6 br • 3 ba • Built 1880
1,730 sqft • 0.159 acres
MLS# 7009206
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Property Description
Triplex investment opportunity at 527 6th Ave NW in Faribault featuring three 2-bedroom, 1-bath units. Each unit offers a practical floor plan with comfortable living spaces and consistent layouts throughout. The property presents strong rental appeal and is well positioned for long-term income potential in an established neighborhood. A solid option for investors seeking a multi-unit property with dependable demand.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$349,900
Price per sq ft:
$202
Property Type:
Multi-family
City:
Faribault
Garage Spaces:
1
County:
Rice
Year Built:
1880
State:
MN
Property Style:
Triplex
Zip Code:
55021
Subdivision Name:
Mcclellands Add
Interior
Bedrooms:
6
Bathrooms:
3
Finished Area:
1,730 ft2
Living Area:
1,730 ft2
Refrigerators:
Three
Basement Details:
- Block
- Partial
- Partially Finished
- Walkout
- Wood
Exterior
Stories:
Two
Garage Spaces:
1
Garage Size:
200 ft2
Foundation Size:
650 ft2
Fencing:
Other
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
- Concrete
- Covered
- Gravel
- Open
Shared Amenities:
None
Road Frontage:
- City Street
- Sidewalks
Roof Details:
- Flat
- Other
- Rubber
Rooms
Shared Rooms:
Other
Lot & Land
Acres:
0.159
Geolocation:
44.296657, -93.277858
Lot Dimensions:
105 x 66
Zoning:
Residential-Multi-Family
Lot Description:
- Corner Lot
- Public Transit (w/in 6 blks)
- Tree Coverage - Medium
- Underground Utilities
Schools
School District:
2145
District Phone:
5073336016
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$180
Annual Fuel Expense:
$540
Annual Insurance Expense:
$3,100
Annual Maintenance Expense:
$2,000
Annual Trash Expense:
$560
Annual Water/Sewer Expense:
$1,080
Tenant Expenses:
Broadband, Cable TV, Electricity, Fuel
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$2,612
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$2,612
Income
Annual Gross Income:
$43,920
Units
Total Units:
3
Miscellaneous
Fuel System:
- Electric
- 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 Redfin Corporation.
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.