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815 2nd Avenue NW $188,000

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    815 2nd Avenue NW Faribault, MN 55021

    Sold
    SOLD 1/7/2020

    $188,000

    • 0 Beds
    • 0 Baths
    • 2,398 sq. ft.
    • Multi-Family
    • MLS# 5322483
    • EVID# AM-158120
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    Property Details

    Super Strong cash flow with rents at $1,150 and $1,000 per side. This is the best floor plan you could ask for! Side x Side Duplex, high ceilings, old charm, with shared laundry and updates throughout! You could also live in one side, rent out the other. Unit #1 consists of 3 beds with one on the main and two upstairs with a 1/2 bath, walk in closets, large kitchen, two living rooms and two bathrooms new paint, flooring, light fixtures, bathrooms. The 2nd unit has 2 upper level bedrooms, two living rooms, and a full bathroom, new paint, light fixtures, flooring, bathroom. The Duplex has separate utilities, newer windows in 2nd unit and new roof in 2018, combined with metal siding and newly refinished hardwood floors throughout it has very little maintaince and is easy to take care of between tenants! This one won't last long, with the strong cash flow and easy to maintain it is the perfect investment property. Both tenants are leased through May 2020 and Sep 2020.

    • General Features
      • Tax Year 2019
      • Tax Amount $888
      • Subdivision Paquins 2nd Add
      • Directions Hwy 21 S to 7th St, E to 2nd Ave NW, N to property
      • Acres 0.13
      • Total Finished SqFt. 2,398
      • Foreclosure Status No
      • Homestead No
      • Owner Occupied N
      • Owners Expense Taxes, Insurance, Water/Sewer, Trash, Snow, Lawn
      • Tenant Expenses Electric,Fuel,Cable T.V.,Broadband
      • Potential Short Sale No
      • Year Built 1900
      • County Rice
    • Building Features
      • Unit 1 Air Window
      • Unit 1 Appliances Range,Refrigerator,Washer,Dryer,Water Softener-Owned
      • Unit 1 Amenities Deck,Kitchen Window,Ceiling Fan(s),Hardwood Floors,Tile Floors,Master BR Walk-In Closet,
      • Unit 2 Air Window
      • Unit 2 Appliances Range,Refrigerator,Washer,Dryer,Water Softener-Owned
      • Unit 2 Amenities Kitchen Window,Ceiling Fan(s),Hardwood Floors,Tile Floors
      • Unit 2 Dimensions 11x10
      • Garage Stalls 0
      • Number of Refrigerators Two
      • Construction Status Previously Owned
      • Fuel Natural Gas
      • Basement Unfinished
      • Handicap Accessible None
      • Roof Asphalt Shingles, Age 8 Years or Less
      • Heating Hot Water
      • Fireplace 0
      • Style (MF) Duplex Side X Side
    • Property Features
      • Water City Water/Connected
      • Fencing Wood, Wire
      • Lake Waterfront 0
      • Lot Description Irregular Lot
      • Parking Description Uncovered/Open, Driveway - Asphalt
      • Road Frontage City
      • Sewer City Sewer/Connected
    • Schools
      • School District 656

    Neighborhood

    55021 (Faribault) Demographics

    38 Median Age
    164 Population Density (per sq. mile)
    31% College Educated
    $55,857 Estimated Median Income
    7,713 Estimated Total Home Owners
    3,136 Estimated Total Renters
    71% / 29% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    29,697 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $205,000 Median Sales Price
    25 Homes Sold
    37 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- New in Database Source
        1/7/2020 3:00:00 AM Sold Source New Value: $188,000
        12/9/2019 12:12:21 PM Status Changed Source New Value: Pending
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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.