For Sale: Fairmont MLS# 6584510
Active
$62,500
Multi-family: Triplex
Built 1920
2,166 sqft • 0.11 acres
Fairmont Area schools
MLS# 6584510
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Property Description
Investment opportunity with 3 units, all with separate entrances. Sale includes adjacent vacant lot. Alley access to both properties for off-street parking. Electricity is metered separately. Owner pays for gas and water. Main floor: living room, dining room, kitchen, full bathroom, and 1 bedroom with passthrough to 2nd bedroom. Upstairs: Kitchen, Living room/Dining Room with balcony, full bathroom, 2 bedrooms, with adjoining door. Basement unit is a studio apartment with kitchen, 3/4 bathroom, and one large room for living and bedroom. Shared laundry for all units in basement. *NOTE: the Boiler lines froze which operate the main floor and upper floor heat-will need a new heating system. Basement level is baseboard electric heat. Property is being sold AS IS.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$62,500
Price per sq ft:
$29
Property Type:
Multi-family
City:
Fairmont
Garage Spaces:
0
County:
Martin
Year Built:
1920
State:
MN
Property Style:
Triplex
Zip Code:
56031
Subdivision Name:
Ramsdale
Interior
Finished Area:
2,166 ft2
Living Area:
2,166 ft2
Ranges:
Three
Refrigerators:
Three
Basement Details:
- Partial
- Partially Finished
Exterior
Stories:
One and One Half
Garage Spaces:
0
Foundation Size:
813 ft2
Handicap Accessible:
None
Heating System:
- Baseboard
- Other
Parking Features:
Gravel
Shared Amenities:
Common Laundry
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
- Storm Sewer
- Street Lights
Exterior Material:
Vinyl Siding
Roof Details:
Asphalt
Lot & Land
Acres:
0.11
Geolocation:
43.648394, -94.458552
Lot Dimensions:
48 x 100
Zoning:
Residential-Multi-Family
Lot Description:
Tree Coverage - Medium
Farm
Topography:
Gently Rolling
Schools
School District:
2752
District Phone:
507-238-4234
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
$2,700
Annual Insurance Expense:
$1,700
Annual Maintenance Expense:
None
Annual Gross Expense:
$8,400
Annual Trash Expense:
$400
Annual Water/Sewer Expense:
$3,600
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$1,253
Lender-owned:
Not disclosed
Assessment Pending:
Unknown
Taxes w/ Assessments:
$1,460
Income
Annual Gross Income:
$16,200
Misc. Annual Income:
None
Misc. Monthly Income:
None
Units
Total Units:
3
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
Listing provided by RMLS,
courtesy of EXIT Realty - Great Plains.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.