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$174,900

1 Beds 1 Baths 1,680 SQFT 0.09 Acres
Type: Multi-Family

407 E 6th Street
Fairmont, MN 56031

MLS#: 7151086
Amy Harrison
Amy Harrison
The Real Estate Advantage
Agent
Phone: 651.336.7501
Office: 651.272.4688
Presented by: True Real Estate

Property Description

 

Your chance to own a cash-flowing triplex in Fairmont. This single-story income property is a practical way to get into rental investing, with three similarly sized units and sub-metered utilities that make leasing and expense tracking straightforward. The building has seen meaningful updates and modernizations, including two recently rehabbed units, so you’re not buying a project from scratch. Come see it and decide if this is the right first (or next) investment. Call today to schedule a showing! One of the owners is a licensed real estate agent in the State of Minnesota.


 

Interior Features

Bedrooms

Total Bedrooms3

Bathrooms

Total Baths3

Other Interior Features

Above Grade Finished Area1,680 sqft
BasementBlock, Full
Basement (Y/N)Yes
Below Grade Finished Area0 sqft
Foundation Dimensions28 x 60
FuelNatural Gas
Garage Dimensions0
Garage Door Width0 sqft
Garage Square Feet0

General

AccessibilityWheelchair Ramp(s)
Additional Parcels Y/NNo
Carport Spaces0
CityFairmont
Construction MaterialsFrame
ContingencyNone
CountyMartin
DirectionsWhen heading North on North Prairie Ave, before crossing the railroad tracks turn Right onto E 6th St. Property will be on the left side of the road.
ElectricCircuit Breakers
Electric Expense2400
Fuel Expense0
Garage Spaces0
Gross Income28113
HeatingForced Air
High School DistrictFairmont Area Schools
Insurance Expense0
Land Lease Y/NNo
Lender OwnedNo
LevelsOne
Living Area1,680 sqft
Lot Size UnitsAcres
MaintenanceExpense0
Net Operating Income20000
New ConstructionNo
Number Of Units Total3
Operating Expense0
OwnerPaysSewer, Water
PostalCityFairmont
Property SubtypeTriplex
Property TypeResidential Income
RoofFlat
SewerCity Sewer/Connected, City Sewer - In Street
Standard StatusActive
Subdivision NameGambles Ext
Tax Annual Amount$2,097
Tax Year2026
Trash Expense0
Water Sewer Expense0
Year Built1940
Zoning DescriptionResidential-Single Family

Exterior

Building Area Total3,360 sqft
Foundation Area1,680 sqft
Lot Dimensions53 x 75
Lot Size Area0 sqft
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

High School N/A
Middle School N/A
Elementary School N/A

  

Similar Properties

$174,900

1 Beds 1 Baths 1,680 SQFT 0.09 Acres
Type: Multi-Family

407 E 6th Street
Fairmont, MN 56031

MLS#: 7151086
Amy Harrison
Amy Harrison
The Real Estate Advantage
Agent
Phone: 651.336.7501
Office: 651.272.4688