728 Colonial Circle Faribault, MN $ 299,900
728 Colonial Circle
$ 299,900
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728 Colonial Circle

Faribault, MN, 55021
$ 299,900
Bedrooms4 Baths2.0 Sq 2,347

Monthly Estimate*

$ 1,796

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Multi-Family Home for sale in Faribault, MN

for $299,900 with 4 bedrooms and 2 full baths. This 2,347 square foot home was built in 1983 on a lot size of 0.42.

JINGLE BELLS, JINGLE BELLS, JINGLE ALL THE WAY! Listen closely—those are the sweet sounds of rental income rolling in! The ultimate holiday gift is here—an adorable duplex that’s as cozy & magical as the season itself. Tucked at the end of a cul-de-sac, this beauty offers all the good stuff—privacy, minimal traffic, & a neighborly feel. With a gorgeous 0.422-acre lot, it’s your slice of serenity. Live in the main-level 2BR/1BA with its private composite deck, or rent both units for double the income! Either way, this smart investment starts generating cash flow from day one. If rental income & cozy living are your jam, this is the perfect match! The lower-level 2BR/1BA, with its private patio, already has a stable, long-time tenant in place. With this reliable tenant, you’re set to unwrap instant rental income from day one—talk about a holiday bonus. Each apartment has its own private entrance, in-unit laundry (no hauling laundry in the cold!), & a stall in the shared 2-car garage—perfect for snowy mornings. Plus, each unit has its own electric meter to keep billing simple & separate! Both units also have huge living rooms—plenty of space for a show-stopping Christmas tree & all your favorite things. The backyard is your peaceful hideaway, with sweeping hillside views over the south side of town. Cozy, cash-flow-ready, & ready to bring the magic—this duplex is the holiday sparkle you’ve been waiting for!

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Multi-Family Pending

Price

$ 299,900

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 3,534

Style

Duplex Up and Down

Lot Size

0.42

Year Built

1983

Town/City

Faribault

County/Region

Rice

MLS | Web ID

6627184

Features
General
Sewer City Sewer/Connected
Heating Boiler Hot Water
Garage Spaces 2
Construction Materials Wood Siding
Year Built 1983
Electric Circuit Breakers 100 Amp Service
Levels One
PropertySubType Duplex Up and Down
Tax Year 2024
Gross Income 1
Accessibility None
County Rice
Operating Expense 1
Insurance Expense 1
New Construction N
Property Type Residential Income
Contingency None
Subdivision Name Colonial Heights
Directions From 21 turn left onto Faribault Road turn right onto 6th Street SW then immediately turn right onto Colonial Circle.
City Faribault
High School District Faribault
NumberOfUnitsTotal 2
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 3534
Electric Expense 1
Fuel Expense 1
Trash Expense 1
Water Sewer Expense 1
Additional Parcels Y/N N
Standard Status Pending
Lender Owned No
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Interior
Basement Block Egress Window(s) Finished Full Owner Access Single Tenant Access Walkout
Basement (Y/N) Y
Above Grade Finished Area 1212
Below Grade Finished Area 1135
Fuel Natural Gas
Garage Dimensions 24 x 24
Garage Door Width 7
Garage Square Feet 576
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Exterior
Fencing Chain Link
Lot Features Tree Coverage - Medium
Water Source City Water/Connected
Lot Size Area 0.42
Building Area Total 2424
Lot Dimensions 18 396 SF
Foundation Area 1212
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Internal Only
Street Number 1 728
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* Excluded Features
List By
Re/Max Experts

Broker

jimbarta8@gmail.com

Email

Affordability Calculator

$2,091
Per Month
86%
14%
0%
Monthly Principal & Interest
$1,796
Monthly Property Taxes
$295
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
709225 Elementary School
708958 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/6/2024$299,900 Listed Price

Map


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728 Colonial Circle, Faribault, MN, 55021 is a Multi-Family Home for sale at $299,900 with 2,347 sqft and a lot size of 0.42. 728 Colonial Circle has 4 bedrooms, 2.0 baths, and was built in 1983. The property's zip code is 55021 which is in Faribault, MN