For Sale: Farmington MLS# 6737495
Active
NEW!
$325,000
Multi-family: Duplex Up and Down
Built 1885
1,933 sqft • 0.14 acres
Farmington schools
MLS# 6737495
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
Fantastic investment opportunity just a block from vibrant downtown Farmington! This well-maintained duplex sits on a spacious corner lot and features two separate units. The main-level unit offers beautiful wood floors, a large living and dining room, an updated kitchen with stainless appliances & a large counter island, 2 BRs, a full custom tile bathroom, and a convenient laundry room. The upper-level unit has a private entrance with deck, 1 BR, a living room, kitchen, in-unit laundry room and full bath—perfect for rental income or multi-generational living. Outside, enjoy a fully fenced backyard with a vinyl privacy fence and a large detached garage for extra storage. Prime location within walking distance to shopping, dining, and all that downtown Farmington has to offer.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$325,000
Price per sq ft:
$168
Property Type:
Multi-family
City:
Farmington
Garage Spaces:
1
County:
Dakota
Year Built:
1885
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55024
Interior
Finished Area:
1,933 ft2
Living Area:
1,933 ft2
Ranges:
Two
Refrigerators:
Two
Basement Details:
- Crawl Space
- Partial
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
1
Garage Size:
264 ft2
Foundation Size:
1,183 ft2
Fencing:
Chain Link, Composite, Privacy
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Baseboard
- Forced Air
Parking Features:
- Asphalt
- Detached
- Garage Door Opener
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
Exterior Material:
Vinyl Siding
Roof Details:
- Age Over 8 Years
- Asphalt
- Pitched
Lot & Land
Acres:
0.14
Geolocation:
44.6413438591, -93.1449151886
Lot Dimensions:
100 x 60
Zoning:
Residential-Single Family
Lot Description:
- Corner Lot
- Some Trees
Farm
Topography:
Level
Schools
School District:
192
District Phone:
651-463-5000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$2,000
Annual Fuel Expense:
$2,000
Annual Insurance Expense:
$3,000
Annual Maintenance Expense:
None
Annual Gross Expense:
$8,700
Annual Trash Expense:
$500
Annual Water/Sewer Expense:
$1,200
Tenant Expenses:
Electricity, Fuel
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$2,872
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$2,872
Income
Annual Gross Income:
$24,000
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
Yes
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
Listing provided by RMLS,
courtesy of RE/MAX Advantage Plus.
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.