$552,000
$590,000
6.4%For more information regarding the value of a property, please contact us for a free consultation.
0.38 Acres Lot
SOLD DATE : 03/14/2025
Key Details
Sold Price $552,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision City/Faribault
MLS Listing ID 6582257
Year Built 1868
Annual Tax Amount $6,190
Tax Year 2024
Lot Size 0.380 Acres
Property Sub-Type Apartment
Property Description
Well maintained income property with 2 buildings. Huge concrete driveway/parking lot/patios.
The front building is a 2 story consisting of 5 rental units + another 1 BR unit currently used as office. This could be merged with adjoining 1 BR to create a 2 BR 6 room rental unit. The 2 story building currently consists of one - 2 BR and four - 1 BR apartments.
The second building in the back of the lot consists of two 3-BR, 2-Bath units (up and down) with separate entrances and a large shared deck.
Location
State MN
County Rice
Zoning Residential-Multi-Family
Interior
Heating Boiler, Forced Air
Cooling None
Exterior
Parking Features Concrete, Parking Lot
Utilities Available Electric Separate, Heating Common, Hot Water Common
Roof Type Asphalt,Pitched
Building
Story Two
Foundation 3880
Sewer City Sewer - In Street
Water City Water - In Street
Structure Type Brick/Stone
Schools
School District Faribault
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