For Sale: Faribault MLS# 7143175
Active
NEW!
$284,500
Multi-family: Duplex Side by Side
5 br • 5 ba • Built 1900
2,398 sqft • 0.134 acres
Faribault schools
MLS# 7143175
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
Opportunity awaits! This well-maintained duplex offers a fantastic opportunity to step into homeownership while also enjoying the benefits of an income-producing property. Whether you’re looking to add to your investment portfolio or purchase your first property and offset your monthly expenses with rental income from the second unit, this one is worth a look. Both units feature nice updates throughout while maintaining a comfortable, welcoming feel. With two separate living spaces, this property offers flexibility for an owner-occupant or investor alike. Live in one unit and rent the other, or utilize both as rental opportunities—the choice is yours! If you’ve been looking for a smart way to get started in real estate ownership, this home offers an exciting combination of versatility, potential, and value. Schedule your showing and come see the possibilities this duplex has to offer!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$284,500
Price per sq ft:
$119
Property Type:
Multi-family
City:
Faribault
Garage Spaces:
0
County:
Rice
Year Built:
1900
State:
MN
Property Style:
Duplex Side by Side
Zip Code:
55021
Subdivision Name:
Paquins 2nd Add
Interior
Bedrooms:
5
Bathrooms:
5
Finished Area:
2,398 ft2
Living Area:
2,398 ft2
Refrigerators:
Two
Basement Details:
Unfinished
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
952 ft2
Fencing:
Chain Link
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
Concrete
Shared Amenities:
- Deck
- Porch
Exterior Material:
Frame
Roof Details:
Age 8 Years or Less
Rooms
Laundry:
In Basement
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.134
Geolocation:
44.299788, -93.271261
Lot Dimensions:
66 x 89
Zoning:
Residential-Multi-Family
Schools
School District:
656
District Phone:
5073336016
Expenses
Annual Caretaker Expense:
$1,400
Annual Electric Expense:
$420
Annual Fuel Expense:
$1,800
Annual Insurance Expense:
$2,198
Annual Maintenance Expense:
$1,400
Annual Trash Expense:
$1,296
Annual Water/Sewer Expense:
$550
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$3,690
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$3,690
Income
Annual Gross Income:
$38,400
Rent
Annual Net Income:
$28,436
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
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 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.