Faribault MN Multi Family for Sale
- Type:
- Duplex
- Sq.Ft.:
- 2,424
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1983
- Baths:
- MLS#:
- 6627184
- Subdivision:
- Colonial Heights
View additional info
Courtesy: RE/MAX Experts
507-332-2282
ADDITIONAL INFORMATION
JINGLE BELLS, JINGLE BELLS, JINGLE ALL THE WAY! Listen closely—those are the sweet sounds of rental income rolling in! The ultimate holiday gift is here—an adorable duplex that’s as cozy & magical as the season itself. Tucked at the end of a cul-de-sac, this beauty offers all the good stuff—privacy, minimal traffic, & a neighborly feel. With a gorgeous 0.422-acre lot, it’s your slice of serenity. Live in the main-level 2BR/1BA with its private composite deck, or rent both units for double the income! Either way, this smart investment starts generating cash flow from day one. If rental income & cozy living are your jam, this is the perfect match! The lower-level 2BR/1BA, with its private patio, already has a stable, long-time tenant in place. With this reliable tenant, you’re set to unwrap instant rental income from day one—talk about a holiday bonus. Each apartment has its own private entrance, in-unit laundry (no hauling laundry in the cold!), & a stall in the shared 2-car garage—perfect for snowy mornings. Plus, each unit has its own electric meter to keep billing simple & separate! Both units also have huge living rooms—plenty of space for a show-stopping Christmas tree & all your favorite things. The backyard is your peaceful hideaway, with sweeping hillside views over the south side of town. Cozy, cash-flow-ready, & ready to bring the magic—this duplex is the holiday sparkle you’ve been waiting for!
Andrea D. Conner, License # 40471694,Xome Inc., License 40368414, [email protected], 844-400-XOME (9663), 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067
Xome Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Xome Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Open House information is subject to change without notice. The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Regional Multiple Listing Service of Minnesota, Inc. are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers. Copyright 2024, Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
Faribault Real Estate
The median home value in Faribault, MN is $307,500. This is lower than the county median home value of $309,900. The national median home value is $338,100. The average price of homes sold in Faribault, MN is $307,500. Approximately 62.42% of Faribault homes are owned, compared to 32.56% rented, while 5.03% 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 24,310. Faribault is less family-centric than the surrounding county with 28.01% of the households containing married families with children. The county average for households married with children is 31.62%.
The median household income in Faribault, Minnesota is $55,229. The median household income for the surrounding county is $71,384 compared to the national median of $69,021. The median age of people living in Faribault is 38.3 years.
Faribault Weather
The average high temperature in July is 82.3 degrees, with an average low temperature in January of 4.2 degrees. The average rainfall is approximately 33.8 inches per year, with 45.3 inches of snow per year.