Great investment opportunity priced at the 1% rule in great location. Close to downtown Faribault with quick access to I35 and highway 60. Two units are 2 bed/1 bath and two units are 1 bed/1 bath. Unit 2 was just remodeled and is leased through October 2024. The other three units have long term tenants that have never missed a payment and are on month-to-month leases. Units 1, 3, and 4 have rents well below market, so there's opportunity to next owner to add value. Property has tall ceilings and lots of character. Plenty of on site parking, as well as a garage and shed. Seller is seller's agent.