Take advantage of this fantastic investment opportunity with this fully remodeled triplex in Faribault. This property features three spacious 2-bedroom units, all recently updated to offer modern amenities while preserving the charm of the building. With tenants responsible for their own heat and electric, this property offers a great potential for steady cash flow and low maintenance for the owner.
Faribault is located in Minnesota. Faribault, Minnesota has a population of 24,310. Faribault is less family-centric than the surrounding county with 28.01% of the households containing married families with children. The county average for households married with children is 31.62%.
The median household income in Faribault, Minnesota is $55,229. The median household income for the surrounding county is $71,384 compared to the national median of $69,021. The median age of people living in Faribault is 38.3 years.
The average high temperature in July is 82.3 degrees, with an average low temperature in January of 4.2 degrees. The average rainfall is approximately 33.8 inches per year, with 45.3 inches of snow per year.