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Listing Details
- $1,095,000
- MLS# 7135428
- Type Commercial - Retail
- Status Active
Listed By
Agency Name: RE/MAX Results
Agency Phone: 612-314-1520
Shown By
Agency Title: Town & Country Realty
Agency Phone: (701)293-3333
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
Agency Title: Town & Country Realty
Agency Phone: (701)293-3333
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By searching Listing Data you agree to this End User License Agreement
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Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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