Faribault, MN 55021,815 2nd AVE NW
Faribault, MN 55021,815 2nd AVE NW
Faribault, MN 55021,815 2nd AVE NW
Faribault, MN 55021,815 2nd AVE NW
Faribault, MN 55021,815 2nd AVE NW
Faribault, MN 55021,815 2nd AVE NW
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$188,000

$199,900

6.0%
Est.Price: ?

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Est. payment /mo

2,398 SqFt


SOLD DATE : 01/07/2020

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

Year Built 1900

Annual Tax Amount $888

Tax Year 2019

Lot Size 6,098 Sqft

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

Interior

Heating Hot Water

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

Structure Type Metal Siding

New Construction false

Schools

School District Faribault

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Listed by Michael Pahl • Engel & Volkers Lake Minnetonka
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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