123 2nd St NW | Faribault, MN 55021
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- LoopNet Team
123 2nd St NW
Faribault, MN 55021
Faribo Apartments · Multifamily Property For Sale · 11 Units
Investment Highlights
- High occupancy rates
- Opportunity to bring rents inline with submarkets
- Tenant paid utilities
- Rent collection has proven resilient through Covid
PROPERTY FACTS
| No. Units | 11 | Building Size | 12,813 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low Rise | Year Built | 1952 |
| Building Class | C | Parking Ratio | 0.86/1,000 SF |
| Lot Size | 0.30 AC |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 12,813 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1952 |
| Parking Ratio | 0.86/1,000 SF |
Unit Amenities
- Storage Space
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Range
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | $755.00 | 605 |
| 2+1 | 6 | $845.00 | 750 |
PROPERTY TAXES
| Parcel Number | 18.31.1.26.458 | Improvements Assessment | $670,800 |
| Land Assessment | $121,000 | Total Assessment | $791,800 |
PROPERTY TAXES
Parcel Number
18.31.1.26.458
Land Assessment
$121,000
Improvements Assessment
$670,800
Total Assessment
$791,800
zoning
| Zoning Code | multi-family |
| multi-family |
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