1402 Division St W | Faribault, MN 55021
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- LoopNet Team
1402 Division St W
Faribault, MN 55021
Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- Opportunity for Value-Add Improvements to Increase NOI
- Longer Term Renters on Month-to-Month leases for Buyer Flexibility
- Identical 2 bedroom, 1 bathroom units
PROPERTY FACTS
| No. Units | 8 | Building Size | 7,200 SF |
| Property Type | Multifamily | Average Occupancy | 88% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1982 |
| Building Class | C | Parking Ratio | 2.22/1,000 SF |
| Lot Size | 0.47 AC | ||
| Zoning | Residential | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.47 AC |
| Building Size | 7,200 SF |
| Average Occupancy | 88% |
| No. Stories | 2 |
| Year Built | 1982 |
| Parking Ratio | 2.22/1,000 SF |
| Zoning | Residential |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Linen Closet
- Smoke Free
- Vinyl Flooring
- Window Coverings
SITE AMENITIES
- Laundry Facilities
- Smoke Free
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | $970.00 | 700 - 750 |
PROPERTY TAXES
| Parcel Number | 18.36.1.50.018 | Improvements Assessment | $576,600 |
| Land Assessment | $96,000 | Total Assessment | $672,600 |
PROPERTY TAXES
Parcel Number
18.36.1.50.018
Land Assessment
$96,000
Improvements Assessment
$576,600
Total Assessment
$672,600
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