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For Sale:  Fairmont MLS# 6755532

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Active NEW!
$529,900
/mo Edit
Multi-family:  Duplex Side by Side
Built 1952
3,862 sqft • 0.33 acres
Fairmont Area schools
MLS# 6755532
763-576-8286
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    Property Description

    Duplex Living on Budd Lake – A Rare Opportunity! Nestled along the shores of Fairmont’s picturesque Budd Lake, this left and right duplex offers a unique blend of comfortable living, income potential, and serene lakefront views. Whether you're looking for a multi-generational living setup, a smart investment, or a place to call home with the bonus of a rental, this property has it all — including a charming boathouse overlooking the water and breathtaking sunsets you’ll never tire of. South Side Unit: This spacious unit welcomes you with an inviting eat-in kitchen and a combined living/dining room that opens into a den or home office, complete with a cozy gas fireplace — a perfect spot for chilly evenings. This flexible space could also serve as a main-floor bedroom. The main level also features a ½ bath and a peaceful screened-in porch to enjoy lakeside breezes. Upstairs, you’ll find two bedrooms and a full bath. The finished basement adds even more living space with brand-new flooring, a large ¾ bath featuring a tiled walk-in shower, a generous walk-in closet, a family room, and an office — which could easily become a bedroom with the addition of an egress window. This unit also includes a private single-car garage. North Side Unit: The north side duplex mirrors many of the same comforts with its own eat-in kitchen, a living/dining room combination, a den or office, and a functional layout that’s move-in ready. The main floor includes a full bath, while upstairs offers two bedrooms and a ¾ bath. This unit also comes with its own single-car garage. Additional Features: Lakeside boathouse perfect for lake gear or a relaxing hideaway Backyard patio with fire pit — ideal for entertaining or peaceful evenings by the water Brand new, energy-efficient boiler system Low-maintenance exterior Quiet lakefront location just minutes from downtown Fairmont, parks, and trails Stunning lake views with some of the best sunsets in town Whether you're watching the sunset from the screened porch or roasting marshmallows by the fire pit, this Budd Lake duplex offers the perfect blend of comfort and lakeside charm. Live in one, rent the other — or make the most of both!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $529,900
    Price per sq ft: $137
    Property Type: Multi-family
    City: Fairmont
    Garage Spaces: 2
    County: Martin
    Year Built: 1952
    State: MN
    Property Style: Duplex Side by Side
    Zip Code: 56031
    Subdivision Name: Oak Beach

    Interior

    Finished Area: 3,862 ft2
    Living Area: 3,862 ft2
    Ranges: Two
    Refrigerators: Two
    Basement Details:
    • Partially Finished
    • Storage Space
    • Tile Shower

    Exterior

    Stories: One and One Half
    Garage Spaces: 2
    Garage Dimensions: 21 x 11
    Garage Size: 528 ft2
    Foundation Size: 1,588 ft2
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System:
    • Boiler
    • Hot Water
    Shared Amenities:
    • Deck
    • Dock
    • Patio
    • Porch
    Road Frontage: City Street
    Exterior Material: Aluminum Siding
    Roof Details: Asphalt

    Lake & Waterfront

    Waterfront Present: Y
    Waterfront Name: Budd
    DNR Lake ID#: 46003000
    Lake Chain Name: N
    Lake Acres: 227
    Lake Depth: 23
    Waterfront:
    • Dock
    • Lake Front
    • Lake View
    • Shared

    Lot & Land

    Acres: 0.33
    Geolocation: 43.637169, -94.461091
    Lot Dimensions: 90 x 153
    Zoning:
    • Residential-Multi-Family
    • Residential-Single Family
    Lot Description: Many Trees

    Schools

    School District: 2752
    District Phone: 507-238-4234

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Gross Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: None

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $6,388
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $6,388

    Income

    Annual Gross Income: $6,000
    Misc. Annual Income: None
    Misc. Monthly Income: None

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: Yes
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Listing provided by RMLS, courtesy of Edina Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.