For Sale: Fairmont MLS# 6755532
Active
$468,500
Multi-family: 1.5 Stories
6 br • 5 ba • Built 1952
3,862 sqft • 0.33 acres
MLS# 6755532
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Property Description
Duplex Living on Budd Lake – A Rare Opportunity!
Nestled along the shores of Fairmont’s picturesque Budd Lake, this left and right duplex offers a unique blend of comfortable living, income potential, and serene lakefront views. Whether you're looking for a multi-generational living setup, a smart investment, or a place to call home with the bonus of a rental, this property has it all — including a charming boathouse overlooking the water and breathtaking sunsets you’ll never tire of.
South Side Unit:
This spacious unit welcomes you with an inviting eat-in kitchen and a combined living/dining room that opens into a den or home office, complete with a cozy gas fireplace — a perfect spot for chilly evenings. This flexible space could also serve as a main-floor bedroom. The main level also features a ½ bath and a peaceful screened-in porch to enjoy lakeside breezes.
Upstairs, you’ll find two bedrooms and a full bath. The finished basement adds even more living space with brand-new flooring, a large ¾ bath featuring a tiled walk-in shower, a generous walk-in closet, a family room, and an office — which could easily become a bedroom with the addition of an egress window. This unit also includes a private single-car garage.
North Side Unit:
The north side duplex mirrors many of the same comforts with its own eat-in kitchen, a living/dining room combination, a den or office, and a functional layout that’s move-in ready. The main floor includes a living room, kitchen, dining room, and a den/bedroom and full bath, while upstairs offers two bedrooms and a ¾ bath. This unit also comes with its own single-car garage.
Additional Features:
Lakeside boathouse perfect for lake gear or a relaxing hideaway
Backyard patio with fire pit — ideal for entertaining or peaceful evenings by the water
Brand new, energy-efficient boiler system
Low-maintenance exterior
Quiet lakefront location just minutes from downtown Fairmont, parks, and trails
Stunning lake views with some of the best sunsets in town
Whether you're watching the sunset from the screened porch or roasting marshmallows by the fire pit, this Budd Lake duplex offers the perfect blend of comfort and lakeside charm. Live in one, rent the other — or make the most of both!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$468,500
Price per sq ft:
$121
Property Type:
Multi-family
City:
Fairmont
Garage Spaces:
2
County:
Martin
Year Built:
1952
State:
MN
Property Style:
1.5 Stories
Zip Code:
56031
Subdivision Name:
Oak Beach
Interior
Bedrooms:
6
Bathrooms:
5
Finished Area:
3,862 ft2
Living Area:
3,862 ft2
Refrigerators:
Two
Basement Details:
- Partially Finished
- Storage Space
- Tile Shower
Exterior
Stories:
One and One Half
Garage Spaces:
2
Garage Dimensions:
21 x 11
Garage Size:
528 ft2
Foundation Size:
1,588 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Boiler
- Hot Water
Shared Amenities:
- Deck
- Dock
- Patio
- Porch
Road Frontage:
City Street
Exterior Material:
Block
Pool:
None
Roof Details:
Asphalt
Lake & Waterfront
Waterfront:
- Dock
- Lake Front
- Lake View
- Shared
Lot & Land
Acres:
0.33
Geolocation:
43.637169, -94.461091
Lot Dimensions:
90 x 153
Zoning:
- Residential-Multi-Family
- Residential-Single Family
Lot Description:
Tree Coverage - Heavy
Schools
School District:
1239
District Phone:
5072384234
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
None
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$6,388
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$6,388
Income
Annual Gross Income:
$6,000
Misc. Annual Income:
None
Misc. Monthly Income:
None
Rent
Annual Net Income:
None
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
Yes
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Edina Realty.
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.