For Sale: Fairmont MLS# 6787099
Active
NEW!
$150,000
Multi-family: Triplex
Built 1898
2,880 sqft • 0.18 acres
Fairmont Area schools
MLS# 6787099
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Property Description
Take a look at this unique triplex full of historic charm and investment opportunity! This stately home has been converted into three separate units, offering flexibility for an owner-occupant or investor. The largest unit features 3 bedrooms, spacious living areas, and plenty of natural light. The other two units are cozy 1-bedroom apartments, perfect for steady rental income. Original character still shines through in the woodwork and details, while updates make the property functional for today’s living This property offers both charm and potential.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$150,000
Price per sq ft:
$52
Property Type:
Multi-family
City:
Fairmont
Garage Spaces:
2
County:
Martin
Year Built:
1898
State:
MN
Property Style:
Triplex
Zip Code:
56031
Subdivision Name:
Gambles
Interior
Finished Area:
2,880 ft2
Living Area:
2,880 ft2
Basement Details:
Full
Exterior
Stories:
Two
Garage Spaces:
2
Garage Dimensions:
20x20
Garage Size:
400 ft2
Foundation Size:
1,440 ft2
Foundation Dimensions:
1440
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Boiler
Shared Amenities:
Laundry
Road Frontage:
City Street
Exterior Material:
Wood Siding
Roof Details:
Asphalt
Lot & Land
Acres:
0.18
Geolocation:
43.655923, -94.454627
Lot Dimensions:
.18
Zoning:
Residential-Multi-Family
Lot Description:
Some Trees
Schools
School District:
2752
District Phone:
507-238-4234
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
$2,131
Annual Insurance Expense:
$1,700
Annual Maintenance Expense:
$500
Annual Gross Expense:
$9,837
Annual Trash Expense:
$1,692
Annual Water/Sewer Expense:
$1,440
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$2,097
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$2,574
Income
Annual Gross Income:
$22,200
Units
Total Units:
3
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
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 RE/MAX TOTAL 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.