An incredible investment opportunity is knocking at your door! This well-maintained triplex is brimming with potential and charm. Step into the upstairs unit, where you'll find a fresh coat of paint, sleek new drywall and trim, updated plumbing, and contemporary fixtures. It's a space that feels both fresh and inviting. The basement unit shines with its recent paint job, updated trim, and plush new carpeting—creating a cozy retreat with modern appeal. The main floor unit, now enjoying its 13th year on a reliable long-term lease, is newly painted and offers exciting potential for conversion into a second bedroom. Recent enhancements throughout the property include beautifully improved landscaping, brand-new gutters, and a well-maintained furnace and AC system. The windows and siding are just four years old, ensuring durability and energy efficiency. Don’t miss your chance to own this versatile gem, poised to deliver exceptional returns!
The median home value in Faribault, MN is $349,000. This is higher than the county median home value of $222,300. The national median home value is $219,700. The average price of homes sold in Faribault, MN is $349,000. Approximately 61.52% of Faribault homes are owned, compared to 32.73% rented, while 5.76% are vacant. Faribault real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Faribault real estate agent to arrange a tour today!
Faribault, Minnesota has a population of 23,577. Faribault is less family-centric than the surrounding county with 27.9% of the households containing married families with children. The county average for households married with children is 31.31%.
The median household income in Faribault, Minnesota is $50,147. The median household income for the surrounding county is $63,311 compared to the national median of $57,652. The median age of people living in Faribault is 37.1 years.
The average high temperature in July is 82.3 degrees, with an average low temperature in January of 4.1 degrees. The average rainfall is approximately 33 inches per year, with 42.6 inches of snow per year.