$188,000
$199,900
6.0%For more information regarding the value of a property, please contact us for a free consultation.
815 2nd AVE NW Faribault, MN 55021
2,398 SqFt
Key Details
Sold Price $188,000
Property Type Multi-Family
Sub Type Duplex Side by Side
Listing Status Sold
Purchase Type For Sale
Square Footage 2,398 sqft
Price per Sqft $78
Subdivision Paquins 2Nd Add
MLS Listing ID 5322483
Sold Date 01/07/20
Year Built 1900
Annual Tax Amount $888
Tax Year 2019
Contingent None
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 66 x 89
Property Description
Super Strong cash flow with rents at $1,150 and $1,000 per side. This is the
best floor plan you could ask for! Side x Side Duplex, high ceilings, old charm, with shared laundry and updates throughout! You could also live in one side, rent out the other. Unit #1 consists of 3 beds with one on the main and two upstairs with a 1/2 bath, walk in closets, large kitchen, two living rooms and two bathrooms new paint, flooring, light fixtures, bathrooms. The 2nd unit has 2 upper level bedrooms, two living rooms, and a full bathroom, new paint, light fixtures, flooring, bathroom. The Duplex has separate utilities, newer
windows in 2nd unit and new roof in 2018, combined with metal siding and newly
refinished hardwood floors throughout it has very little maintaince and is easy to take care of between tenants! This one won't last long, with the strong cash flow and easy to maintain it is the perfect investment property.
Both tenants are leased through May 2020 and Sep 2020.
Location
State MN
County Rice
Zoning Residential-Multi-Family
Rooms
Basement Unfinished
Interior
Heating Hot Water
Fireplace No
Exterior
Garage Asphalt, More Parking Onsite for Fee, Open
Fence Wire, Wood
Roof Type Age 8 Years or Less,Asphalt
Building
Lot Description Irregular Lot
Story Two
Foundation 952
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Metal Siding
New Construction false
Schools
School District Faribault
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