1000 8th Street, Farmington, MN 55024 (MLS# 7067749)

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1966
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Main Floor Total SqFt: 2035
Above Ground SqFt: 2035
Below Grd Total SqFt: 1875
Total SqFt: 3910
Foundation Size: 2035
Style: (MF) Triplex
Total Finished Sqft: 4070.00
Garage Stalls: 3
Lot Dimensions: 91X132X91Xq134
Acres: 0.27
Assessment Pending: No

Property Features

Accessible: None Construction Status: Previously Owned Exterior: Brick/Stone; Wood Fencing: Wood Foundation: Concrete Block Fuel: Natural Gas Heating: Baseboard; Boiler Laundry: In Unit Owner Pays: Electricity; Gas; Sewer; Water Parking Characteristics: Multiple Garages Roof: Age Over 8 Years Sellers Terms: Cash; Conventional; FHA; VA; Other Sewer: City Sewer/Connected Stories: One Unit 1 Cooling: Central Unit 1 Fireplace Char: Family Room Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 439000
ListPrice: 439000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 1000
Street Name: 8th
Street Suffix: Street
Postal City: Farmington
County: Dakota
State: MN
Zip Code: 55024
Complex/Dev/Subdivision: Eakens Add

Assessments

Tax With Assessments: 4554
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 2035
Finished SqFt Below Ground: 2035

More Information

Income and Expenses

Annual Electric Expense: 5000
Annual Fuel Expense: 4200
Annual Gross Expenses: 18000
Annual Gross Income: 60000
Annual Insurance Expense: 3000
Annual Maintenance Expense: 1500
Annual Net Income: 42000
Annual Repair Expense: 1500
Annual Trash Expense: 1000
Annual Water/Sewer Expense: 1000
Total Annual Expenses: 18000
Annual Caretaker Expense: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Square Feet: 960
Multiple Garages: Yes

Public Survey Info

Range#: 19
Section#: 31
Township#: 114

Unit 1

Furnished?: No
Lease Expiration Date: 2027-04-30
Leased?: Yes
Level: Main Level
Unit Number: Yes
# of Fireplaces: Yes
1/2 Baths: Yes
Annual Rent: 28800
Finished SqFt: 1500
Full Baths: Yes
Monthly Expense: 450
Monthly Rent: 2400
No. of Units Like This: Yes
Total Baths: 2
Total Bedrooms: 3
Total Rooms: 5

Unit 2

Furnished?: No
Lease Expiration Date: 2027-04-30
Leased?: Yes
Level: Main Level
Unit Number: 2
1/2 Baths: Yes
Annual Rent: 16800
Finished SqFt: 1300
Full Baths: Yes
Monthly Expense: 3600
Monthly Rent: 1400
No. of Units Like This: Yes
Total Baths: 2
Total Bedrooms: 3
Total Rooms: 5

Unit 3

Furnished?: No
Lease Expiration Date: 2027-04-30
Leased?: Yes
Level: Below Ground
Unit Number: 3
# of Fireplaces: Yes
1/2 Baths: Yes
3/4 Baths: Yes
Annual Rent: 14400
Finished SqFt: 1400
Monthly Expense: 3600
Monthly Rent: 1200
No. of Units Like This: Yes
Total Baths: 2
Total Bedrooms: 2
Total Rooms: 4

Unit Details

Total Units: 3

Office/Member Info

Association: SPAAR

Location, Tax and Other Information

Legal Description: EAKENS ADDITION 4
Listing City: Farmington
Map Page: 177
Municipality: Farmington
School District: Farmington
School District Phone: 651-463-5000
Zip Plus 4: 5635
Property ID Number: 142245000040
Tax Year: 2025
Tax Amount: 4554
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: Not disclosed

Directions & Remarks

Public Remarks: Great investment opportunity! TWO driveway and TWO garages.Currently generating $5,000/month in rent (paid by Section 8). 3units(each unit has their own washer and dryer. with tenants willing to stay. Live in one unit and rent the other—each has its own private entrance. Spacious home with over 2,000 sq ft per level (approx. 4,000 total). Separate apartment can be converted to an owner’s suite. Solid home with updated mechanicals, central air, and plenty of storage. Just needs cosmetic updates. Convenient commuter location! Property is tenant-occupied. Showings available by appointment—agent will arrange access. Buyer and buyer’s agent to verify all measurements and property details. Listing agent is relate to seller.
Directions: HWY 3 TO SERVICE ROAD TO HOME

Accessible

None: Yes

Construction Status

Previously Owned: Yes

Exterior

Brick/Stone: Yes
Wood: Yes

Fencing

Wood: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Baseboard: Yes
Boiler: Yes

Laundry

In Unit: Yes

Owner Pays

Electricity: Yes
Gas: Yes
Sewer: Yes
Water: Yes

Roof

Age Over 8 Years: Yes

Sellers Terms

Cash: Yes
Conventional: Yes
FHA: Yes
Other: Yes
VA: Yes

Sewer

City Sewer/Connected: Yes

Stories

One: Yes

Water

City Water/Connected: Yes

Unit 1 Cooling

Central: Yes

Unit 1 Fireplace Char

Family Room: Yes

1000 8th Street, Farmington, MN 55024

Overview

Description

Listing Details MLS# 7067749