14 3rd Street Nw
Faribault, MN 55021

$1,095,000

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Listing Details

$1,095,000
MLS# 7135428
Type Commercial - Retail
Status Active

3,300
Square Feet
0.075 acres
Lot Size
1910
Year Built
Faribault
Local Schools

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Listed By

Agency Name: RE/MAX Results
Agency Phone: 612-314-1520

Shown By

Agent Name: Bob McArthur
Agent Phone: (701) 388-0245
Agency Title: Town & Country Realty

Home Value Estimate

Description

Investment opportunity in the heart of downtown Faribault. This 9-unit mixed-use property consists of eight renovated residential apartments and one commercial space. The residential units have been extensively renovated with updated kitchens, bathrooms, flooring, and finishes, along with new electric baseboard heat, allowing residents to control and pay for their own heating costs. Additional capital improvements include a newer roof with a transferable warranty and a new fire panel. The commercial space is leased through December 2030, providing in-place income, while the eight renovated residential units are currently vacant, giving the...read more

Features

Heating: Baseboard
Stories: 3.0
Taxes: $6,336
Water: City Water/Connected
Year Built: 1910

Gallery

Listed By

Agency Name: RE/MAX Results
Agency Phone: 612-314-1520

Shown By

Agent Name: Bob McArthur
Agent Phone: (701) 388-0245
Agency Title: Town & Country Realty

Bob McArthur Office: (701) 239-2238 Cell: (701) 388-0245 Fax: (701) 239-2242 Email Me

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14 3rd Street NwFaribault, MN 55021