303 Pine ST, Farmington, MN 55024 - MLS#6774761

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Nick Leavy

nick@ermetro.com +1(612) 236-5331

$147,900

Est. payment - /mo

1 Bath

5,386 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 5,386 sqft

Price per Sqft $27

Subdivision Town Of Farmington

MLS Listing ID 6774761

Style (MF) Four Plex

Year Built 1920

Annual Tax Amount $1,910

Acres 0.44

Lot Dimensions 60x262x63x217

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

Community Town Of Farmington

Direction From Hwy 3 go west on main; north on 4th; west on Pine; property is on the right

Rooms

Basement Partial

Interior

Heating Hot Water

Flooring 19166.4

Exterior

Roof Type Age Over 8 Years

Accessibility None

Building

Foundation Concrete Block

Water City Water/Connected

Architectural Style (MF) Four Plex

Others

Senior Community No

Tax ID 147700031061

Acceptable Financing Cash, Conventional, Conventional Rehab, FHA Rehab 203k, Other

Listing Terms Cash, Conventional, Conventional Rehab, FHA Rehab 203k, Other

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