For Sale: Farmington MLS# 7067749
Active
$439,000
Multi-family: Triplex
7 br • 6 ba • Built 1966
4,070 sqft • 0.276 acres
Farmington schools
MLS# 7067749
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Property Description
Great investment opportunity! TWO driveway and TWO garages.Currently generating $5, 000/month in rent (paid by Section 8). 3units(each unit has their own washer and dryer. with tenants willing to stay. Live in one unit and rent the other—each has its own private entrance. Spacious home with over 2, 000 sq ft per level (approx. 4, 000 total). Separate apartment can be converted to an owner’s suite. Solid home with updated mechanicals, central air, and plenty of storage. Just needs cosmetic updates. Convenient commuter location!
Property is tenant-occupied. Showings available by appointment—agent will arrange access. Buyer and buyer’s agent to verify all measurements and property details.
Listing agent is relate to seller.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$439,000
Price per sq ft:
$108
Property Type:
Multi-family
City:
Farmington
Garage Spaces:
3
County:
Dakota
Year Built:
1966
State:
MN
Property Style:
Triplex
Zip Code:
55024
Subdivision Name:
Eakens Add
Interior
Bedrooms:
7
Bathrooms:
6
Finished Area:
4,070 ft2
Living Area:
4,070 ft2
Basement Details:
Finished
Exterior
Stories:
One
Garage Spaces:
3
Garage Size:
960 ft2
Foundation Size:
2,035 ft2
Fencing:
Wood
Handicap Accessible:
None
Heating System:
- Baseboard
- Boiler
Parking Features:
Multiple Garages
Roof Details:
Age Over 8 Years
Rooms
Laundry:
In Unit
Lot & Land
Acres:
0.276
Geolocation:
44.631806, -93.137608
Lot Dimensions:
91X132X91Xq134
Zoning:
Residential-Single Family
Schools
School District:
192
District Phone:
6514635000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$5,000
Annual Fuel Expense:
$4,200
Annual Insurance Expense:
$3,000
Annual Maintenance Expense:
$1,500
Annual Trash Expense:
$1,000
Annual Water/Sewer Expense:
$1,000
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$4,554
Lender-owned:
Not Disclosed
Assessment Pending:
No
Taxes w/ Assessments:
$4,554
Income
Annual Gross Income:
$60,000
Rent
Annual Net Income:
$42,000
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 Partners Realty Inc..
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.