1935 7th Street NW

Faribault, MN
$ 379,836 Beds 9 Baths 4 Sq 4,145
Monthly Estimate* How much can I afford?

Large four unit apartment building right on the edge of downtown Faribault with excellent long term rental history and double digit cap rate. Great return on revenue with opportunity to increase monthly income. Large lot that backs up to a shared community trail and walking distance to parks, trails, restaurants and more. Shared coin op laundry room in the lower level with individual storage units for each unit. Oversized two car garage and plentiful off-street parking for each unit.

Pending

  • Price
  • $ 379,836
  • Lot Size
  • 0.8 Acres
  • Bedrooms
  • 9
  • Sqr Footage
  • 4,145
  • Full Bathrooms
  • 4
  • Year Built
  • 1962
  • Half Bathrooms
  • 0
  • City, Zip
  • Faribault
  • Taxes
  • $ 3900
  • County
  • RICE
  • Style
  • Apartment
  • Area
  • Polar Star Add-Faribault
  • MLS#
  • 6071845
  • Zip
  • 55021
Listing Provided by: RE/MAX Advantage Plus
Data Source: Northstar MLS (NSTAR) - 133 - MN

Features

General

Accessibility None
Additional Parcels Y/N No
Association Amenities Coin-op Laundry Owned
Basement Partial, Partially Finished, Egress Window(s), Block, Storage Space, Finished
City Faribault
Construction Materials Wood Siding
Contingency None
County Rice
Days on Market 64
Directions 35 to Hwy #21 South to 7th Street NW West to property on left.
Electric 200+ Amp Service
Electric Expense 1056
Fuel Expense 6000
Garage Spaces 2
Grossincome 52500
Heating Baseboard, Hot Water
High School District Faribault
Insurance Expense 2724
Lender Owned No
Levels One
New Construction No
Operatingexpense 9576
Ownerpays Taxes, Insurance, Water, Electricity, Fuel, Repairs, Trash Collection, Snow Removal, Grounds Care
Property SubType Apartment
Property Type Residential Income
Roof Asphalt, Pitched, Flat, Age Over 8 Years
Sewer City Sewer/Connected
Standard Status Pending
Street Name 7th
Subdivision Name Polar Star Add/Faribault
Tax Annual Amount 3900
Tax Year 2021
Total Units 4
Trash Expense 960
Water Sewer Expense 1064
Year Built 1962
Zoning Description Residential-Multi-Family

Interior Features

Above Grade Finished Area 3193
Below Grade Finished Area 952
Fireplace Y/N No
Fuel Natural Gas, Electric
Garage Dimensions 36x24
Garage Door Width 7
Garage Square Feet 864
Living Area 4145
SQFT Above Ground Total 3193.00
SQFT Below Ground Total 3193.00
SQFT Main Total 3193.00
SQFT Total 6386.00
Street Suffix Street
Unit Type Unit 1, Unit 2, Unit 3, Unit 4

Exterior Features

Fencing None
Foundationarea 3193
Lot Dimensions 133x270x151x217
Lot Features Tree Coverage - Light
Lot Size Area 0.8
Lot Size Units Acres
Parking Features Detached, Asphalt, Garage Door Opener
Road Frontage Type City Street, Paved Streets, Curbs
Road Responsibility Public Maintained Road
Water Source City Water/Connected
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 2.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

8/13/2021 Listed $379,836

Property vs Zip Code Average in 55021

Price
AVG $270K
$380K
Taxes
AVG $2,403
$3,900
Visits
AVG 65
4
Year Built
AVG 1968
1962
Walkscore
AVG 29
50
Data Provided by Walkscore ® not using MLS data

Map

1935 7th Street NW Faribault, MN is a Single Family Home for sale at $379836 with 4145 sqft and a lot size of 0.8 Acres Acre(s). 1935 7th Street NW Faribault has 9 bedrooms, 4 baths and was built in 1962. The property's zip code is 55021 which is in Faribault, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 2.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.