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$349,900

4 Beds 2 Baths 1,766 SQFT 0.33 Acres
Type: Multi-Family

420 1st Street
Farmington, MN 55024

MLS#: 7156060
Kent Pfeifer
Kent Pfeifer
The Real Estate Advantage
Agent
Phone: 612.328.8003
Office: 952.401.8500
Presented by: Top Notch Properties & Realty Services

Property Description

 

Opportunity Knocks in Downtown Farmington! Whether you’re looking for an owner-occupied property or the next addition to your rental portfolio, this duplex offers plenty of potential. Ideally located in downtown Farmington and situated on a large corner lot, the property provides room to expand and maximize its investment potential. The main-level unit has been updated and is ready to rent. The upper-level unit needs just a few finishing touches before it can be placed on the rental market. Both units feature 2 bedrooms and 1 bathroom, offering a desirable layout for tenants. The basement provides shared laundry facilities and additional storage space. Outside, the property offers a large driveway, a 2-car garage, and an additional shed, providing excellent parking and storage options. The extra space may also offer an opportunity for additional rental income. With its downtown location, spacious lot, multiple storage options, and value-add potential, this property is a great opportunity for an investor or owner occupant. Schedule your showing today and see the possibilities for yourself!


 

Interior Features

Bedrooms

Total Bedrooms4

Bathrooms

Total Baths2

Other Interior Features

Above Grade Finished Area1,766 sqft
BasementFull, Unfinished
Basement (Y/N)Yes
Below Grade Finished Area0 sqft
FuelNatural Gas
Garage Square Feet520

General

AccessibilityNone
Additional Parcels Y/NNo
CityFarmington
ContingencyNone
CountyDakota
DirectionsDenmark Ave to Spruce Street East to dulpex
Electric Expense1800
Fuel Expense1800
Garage Spaces2
Gross Income0
HeatingForced Air
High School DistrictFarmington
Insurance Expense2500
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Living Area1,766 sqft
Lot Size UnitsAcres
MaintenanceExpense0
New ConstructionNo
Number Of Units Total2
Operating Expense10068
PostalCityFarmington
Property SubtypeDuplex Up and Down
Property TypeResidential Income
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameTown Of Farmington
Tax Annual Amount$3,968
Tax Year2026
Trash Expense1200
Virtual TourClick here
Water Sewer Expense720
Year Built1940
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total2,681 sqft
Foundation Area915 sqft
Lot Dimensions120x120x120x120
Lot Size Area0 sqft
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

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

  

Similar Properties

$349,900

4 Beds 2 Baths 1,766 SQFT 0.33 Acres
Type: Multi-Family

420 1st Street
Farmington, MN 55024

MLS#: 7156060
Kent Pfeifer
Kent Pfeifer
The Real Estate Advantage
Agent
Phone: 612.328.8003
Office: 952.401.8500