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$ 147,900
Est. payment | /mo
0.45 Acres Lot
$ 147,900
Est. payment | /mo
0.45 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Town Of Farmington
MLS Listing ID 6774761
Year Built 1920
Annual Tax Amount $1,910
Tax Year 2025
Contingent None
Lot Size 0.450 Acres
Acres 0.45
Lot Dimensions 60x262x63x217
Property Sub-Type Quadruplex
Property Description
Looking for a property with endless investment and/or owner-occupant potential? This is it! Central downtown Farmington location -this property has a multitude of uses. Restore it to its former glory as a fourplex that was bringing in over $4k per month gross rents years ago (potential to be $5k/mo + at current market rates). Or... combine units into a larger triplex, duplex, or even tear down and rebuild new - the half acre of land is worth the asking price alone. Potential commercial uses are feasible as well - the possibilities are truly endless. Strong rental demand in the area and extensive revitalization underway in downtown Farmington make for great future upside potential. Suffered moderate fire damage and is in need of substantial repair - priced accordingly. Good bones! Check it out for yourself and let your imagination run wild with the possibilities!
Location
State MN
County Dakota
Body of Water Vermillion River
Rooms
Basement Partial
Interior
Heating Hot Water
Fireplace No
Exterior
Parking Features Asphalt
Waterfront Description River Front
Roof Type Age Over 8 Years
Building
Story Two
Foundation 1913
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Other
New Construction false
Schools
School District Farmington
Listed by Joseph Mueller • RE/MAX Results
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Sarah Carlson
Realtor | Lic# Lic# 20325212