604 SW 10th Street
Faribault, MN 55021
MLS #4914397

Multi-Family
  • 4units
  • 7beds
  • 0.162acres
  • 2,974sq ft
$225,000
Est. P&I payment: $859.35/mo
604 SW 10th Street, Faribault, MN 55021
  • 604 SW 10th Street, Faribault, MN 55021 Photo 1
  • 604 SW 10th Street, Faribault, MN 55021 Photo 2
  • 604 SW 10th Street, Faribault, MN 55021 Photo 3
  • 604 SW 10th Street, Faribault, MN 55021 Photo 4
  • 604 SW 10th Street, Faribault, MN 55021 Photo 5
  • 604 SW 10th Street, Faribault, MN 55021 Photo 6
  • 604 SW 10th Street, Faribault, MN 55021 Photo 7
  • 604 SW 10th Street, Faribault, MN 55021 Photo 8
  • 604 SW 10th Street, Faribault, MN 55021 Photo 9
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Description for 604 SW 10th Street, Faribault, MN 55021
Four-plex with great rental history! Full occupancy 100% of the time. All tenants current on rent. 2 units have same tenants for 3+ years. Investor's dream with 10% cap rate! See supplements for updates completed in last 6 mos! 24 hr showing notice is required.
MLS #4914397
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My Notes for MLS #4914397

General Features

  • Propery Type: MF
  • Total Number of Units: 4
  • Year Built: 1951
  • Acres: 0.162
  • Foreclosure Status: No
  • Lender Owned: No
  • Lot Description: Corner Lot
  • Lot Dimensions: 50x141
  • Status: Active
  • Style: (MF) Two Stories

Exterior Features

  • Exterior: Metal,​Vinyl
  • Fencing: None
  • Road Frontage: City
  • Parking Characteristics: Attached Garage,​Detached Garage
  • Garage Stalls: 3
  • Roof: Asphalt Shingles

Interior Features

  • Total Finished Square Footage: 2,974
  • Handicap Accessible: None
  • Basement: Full
  • Above Ground Finished SqFt: 2,434
  • Below Ground Finished SqFt: 540
  • Unit 1 Bath Full: 1
  • Unit 1 Half Bath: 1
  • Unit 1 Total Baths: 2
  • Unit 1 Bedrooms: 3
  • Unit 1 Total Expenses: 1
  • Number of Unit: 4
  • Unit 1 Number of Units: 1
  • Unit 1 Parking Spaces: 1
  • Unit 1 Total Rooms: 8
  • Unit 1 Finished Square Footage: 1,000
  • Unit 2 three Quarter Bath: 1
  • Unit 2 Full Bath: 1
  • Unit 2 Total Baths: 2
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Number of Units: 1
  • Unit 2 Parking Spaces: 1
  • Unit 2 Total Rooms: 3
  • Unit 2 Finished Square Footage: 540
  • Unit 3 Full Baths: 1
  • Unit 3 Total Baths: 1
  • Unit 3 Bedrooms: 1
  • Unit 3 Number of Units: 1
  • Unit 3 Other Parking Spaces: 1
  • Unit 3 Total Rooms: 4
  • Unit 3 Finished Square Footage: 540
  • Unit 4 Full Baths: 1
  • Unit 4 Total Baths: 1
  • Unit 4 Bedrooms: 2
  • Unit 4 Number of Units: 1
  • Unit 4 Other Parking Spaces: 1
  • Unit 4 Total Rooms: 5
  • Unit 4 Finished Square Footage: 800

Utilities Features

  • Water: City Water/Connected
  • Fuel: Natural Gas
  • Heating: Forced Air
  • Unit 1 Appliances: Range,​Refrigerator,​Washer,​Dryer
  • Unit 2 Appliances: Range,​Refrigerator
  • Unit 3 Appliances: Range,​Refrigerator
  • Unit 4 Appliances: Range,​Refrigerator
  • Number of Ranges: One Per Unit
  • Number of Refrigerators: One Per Unit
  • Sewer: City Sewer/Connected

Financial Features

  • Annual rent: 9,540
  • Annual Gross Income: 31,000
  • Annual Fuel Expense: 1,400
  • Annual Insurance Expense: 1,000
  • Annual Maintenance Expense: 1,000
  • Annual Repair Expense: 1,000
  • Annual Gross Expense: 8,595
  • Total Annual Expenses: 8,595
  • Annual Trash Expense: 395
  • Annual Water/Sewer Expense: 1,300
  • Unit 1 Monthly Rent: 795
  • Unit 2 Annual Rent: 5,940
  • Unit 2 Monthly Rent: 495
  • Unit 3 Annual Rent: 7,080
  • Unit 3 Monthly Rent: 590
  • Unit 4 Annual Rent: 8,340
  • Unit 4 Monthly Rent: 695
  • Tax Amount: 2,446
  • Tax With Assessments: 2,446
  • Tax Year: 2017
  • Tenant Expenses: Electric,​Cable T.V.

Community Features

  • Municipality: Faribault
  • County: Rice
  • Postal City: Faribault (MN)

School Features

  • School District: 656 - Faribault
  • School District Phone: 507-333-6016

Misc Features

  • Amenities - Shared: Deck
  • Construction Status: Previously Owned
  • Foundation Size: 1,464
  • Has Supplements: 1
  • Homestead: No
  • Potential Short Sale: No
  • Zoning: Residential-Multi-Family

Location

 
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Directions to 604 SW 10th Street, Faribault, MN 55021
On the corner of 10th St SW and 6th Ave SW
The listing information for 604 SW 10th Street, Faribault, MN 55021 was graciously provided by our friends at the listing brokerage, Keller Williams Premier Realty Lake Minnetonka

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Land Home Financial Services
Steven Nelson
MN
763-218-0451 Office
763-218-0451 Mobile
763-390-3138 Fax
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P&I Payment $859.35
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Last Updated 04/26/2018 at 7:57am
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