934 Willow St Faribault, MN 55021

Listing details for 934 Willow St, Faribault, MN 55021 : CASH flow! Price is for 3 townhomes and each have their own PID. Great opportunity to own 3 units in one building for rental income. 934 Willow Street is an end unit and both 942 & 946 Willow Street are middle units. Each unit is 2 beds and 1 full bathroom upstairs and 1 quarter bath in the lower level. Opportunity to add more living space in the lower level and expand the quarter bathroom to a 3/4 or full bathroom if desired. Each unit has its own detached garage space(10X24) The roof was replaced by association in 2022. Owner pays association dues of $125 per month, per unit(covers trash, insurance, snow removal & lawn care). Tenants pay all other utilities, including water. Unit 934 could have a 3rd bedroom. Has an egress window and closet framed out but not completed. Other 2 units do not have a lower level egress window. Total Operating expenses per year $8,354 ($3,854 taxes + $4,500 association dues) $40,200 - $8,354 = $31,846 (NOI)