For Sale: Farmington MLS# 7156060
Active
$349,900
Multi-family: Duplex Up and Down
4 br • 2 ba • Built 1940
1,766 sqft • 0.33 acres
Farmington schools
MLS# 7156060
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Property Description
Opportunity Knocks in Downtown Farmington! Whether you’re looking for an owner-occupied property or the next addition to your rental portfolio, this duplex offers plenty of potential. Ideally located in downtown Farmington and situated on a large corner lot, the property provides room to expand and maximize its investment potential. The main-level unit has been updated and is ready to rent. The upper-level unit needs just a few finishing touches before it can be placed on the rental market. Both units feature 2 bedrooms and 1 bathroom, offering a desirable layout for tenants. The basement provides shared laundry facilities and additional storage space. Outside, the property offers a large driveway, a 2-car garage, and an additional shed, providing excellent parking and storage options. The extra space may also offer an opportunity for additional rental income. With its downtown location, spacious lot, multiple storage options, and value-add potential, this property is a great opportunity for an investor or owner occupant. Schedule your showing today and see the possibilities for yourself!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$349,900
Price per sq ft:
$198
Property Type:
Multi-family
City:
Farmington
Garage Spaces:
2
County:
Dakota
Year Built:
1940
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55024
Subdivision Name:
Town Of Farmington
Interior
Bedrooms:
4
Bathrooms:
2
Finished Area:
1,766 ft2
Living Area:
1,766 ft2
Basement Details:
- Full
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
2
Garage Size:
520 ft2
Foundation Size:
915 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.33
Geolocation:
44.638263, -93.148988
Lot Dimensions:
120 x 120 x 120 x 120
Zoning:
Residential-Multi-Family
Schools
School District:
192
District Phone:
6514635000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$1,800
Annual Fuel Expense:
$1,800
Annual Insurance Expense:
$2,500
Annual Maintenance Expense:
None
Annual Trash Expense:
$1,200
Annual Water/Sewer Expense:
$720
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$3,968
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$3,968
Income
Annual Gross Income:
None
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
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 Top Notch Properties & Realty Services.
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.