For more information regarding the value of a property, please contact us for a free consultation.
1935 7th ST NW Faribault, MN 55021
Want to know what your home might be worth? Contact us for a FREE valuation!
Nicole Biczkowski
nicolebiczkowskibroker@chime.meOur team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $355,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 4,145 sqft
Price per Sqft $85
Subdivision Polar Star Add/Faribault
MLS Listing ID 6071845
Sold Date 12/06/21
Year Built 1962
Annual Tax Amount $3,900
Tax Year 2021
Contingent None
Lot Size 0.800 Acres
Acres 0.8
Lot Dimensions 133x270x151x217
Property Description
Large four unit apartment building right on the edge of downtown Faribault with excellent long term rental history and double digit cap rate. Great return on revenue with opportunity to increase monthly income. Large lot that backs up to a shared community trail and walking distance to parks, trails, restaurants and more. Shared coin op laundry room in the lower level with individual storage units for each unit. Oversized two car garage and plentiful off-street parking for each unit.
Location
State MN
County Rice
Zoning Residential-Multi-Family
Rooms
Basement Block, Egress Window(s), Finished, Partial, Partially Finished, Storage Space
Interior
Heating Baseboard, Hot Water
Fireplace No
Exterior
Garage Detached, Asphalt, Garage Door Opener
Garage Spaces 2.0
Fence None
Roof Type Age Over 8 Years,Asphalt,Flat,Pitched
Parking Type Detached, Asphalt, Garage Door Opener
Building
Lot Description Tree Coverage - Light
Story One
Foundation 3193
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories One
Structure Type Wood Siding
New Construction false
Schools
School District Faribault
Read Less
GET MORE INFORMATION
Nicole Biczkowski