Property Listing
Description
Excellent investment opportunity priced to meet the 1% rule and located in a highly convenient area. Just minutes from downtown Faribault with quick access to I-35 and Highway 60, this property offers both strong rental potential and long-term upside. The building features four units: two 2-bed/1-bath units and two 1-bed/1-bath units. Rents in Units 1, 3, and 4 are currently well below market, providing a great value-add opportunity for the next owner. The property showcases tall ceilings and plenty of character throughout. Additional amenities include ample on-site parking, a garage, and a storage shed.
Property Information
Status: Active
Sub Type: ********
List Price: $319,900
MLS#: 6825777
Current Price: $319,900
Address: 416 8th Street NW, Faribault, MN 55021
City: Faribault
State: MN
Postal Code: 55021
Geo Lat: 44.299555
Geo Lon: -93.275446
Subdivision: Paquins 2nd Add
County: Rice
Property Description
Year Built: 1900
Lot Size SqFt: 17424
Gen Tax: 3806
Specials Inst: 0
High School: Faribault
Square Ft. Source:
Above Grade Finished Area:
Below Grade Finished Area:
Below Grade Unfinished Area:
Total SqFt.: 2736
Style: Array
Total Bedrooms: 6
Total Bathrooms: 4
Total Full Baths:
Garage Type:
Garage Stalls: 1
Waterfront:
Property Features
Exterior:
Roof:
Foundation:
Lot Feat/Fld Plain:
Interior Amenities:
Inclusions: ********
Exterior Amenities:
Heat System:
Air Conditioning:
Utilities: