This Multifamily Property is no longer advertised on LoopNet.com.

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
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

ZONING

Zoning Code multi-family
  • Listing ID: 26385924

  • Date on Market: 8/11/2022

  • Last Updated:

  • Address: 123 2nd St NW, Faribault, MN 55021