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CITY
Faribault, MN
UNITS
16
SALES PRICE
$659,000
DOWN PAYMENT
$164,750
TERMS
Cash or Submit
Highlights
  • Secured entrances
  • Mini blinds
  • Large closets
  • Vinyl windows
  • Wall AC
  • Tenant-paid utilities
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Description

Faribault Apartments is a 16-unit well-built and maintained building.  This property constructed in 2006, also includes a large off street parking lot.  The grounds are tastefully landscaped and spacious enough to accommodate social gatherings.

The apartments are spacious and stylishly appointed featuring neutral décor throughout. Kitchens are equipped with white appliances, stainless steel double sinks, raised panel cabinets, and high-quality laminate countertops. Other marketable features include laundry facilities on each floor, and a water heater in each apartment

Faribault is a growing community of nearly 30,000 residents in Rice County. Faribault is ideally situated on Interstate 35, intersecting two state highways, served by two major railway lines and under an hour to the Minneapolis-St. Paul International Airport.
Summary
Property Type
1  two-story building
Year Built
2006
Units / Rents

2 - Studio

14 - 1 BR

Heating & Air Conditioning
Electric
Wall units
Laundry
4 washers & 8 dryers – leased
Assessed Market Value
$720,000
Real Estate Taxes
2009 - $8,622
Parcel Size
1.20acres
Parking
Off street
Roofs
Hip
©2008 MINNESOTA BROKERAGE GROUP
4725 Excelsior Blvd. Suite 500 / Minneapolis, MN. 55416
952.922.4405