For Sale by Owner Minneapolis, MN for sale in Minneapolis, Minnesota

$240,000

Rental property that is immediately CASH FLOW POSITIVE. That's right, buying this easy-to-rent property with 20 % down instantly makes you cash each month with hardly any work! Both sides are occupied with 1 year leases, meaning you don't even need to discover tenants to begin. This could not be easier to own. We are moving out of state and have to sell, otherwise we 'd keep it forever.The duplex has 2 systems, 4212 and 4214 that are almost identical to each other. On each side there is 1 big bedroom, 1 complete bathroom, cooking area with connected dining area, and living space. There is a shared entry and exit with a 2 vehicle garage. A fenced yard permits for animals to wander. Some attic area. Each side has separate heaters and water heaters. Water/sewage is shared between the two units. No basement.This is a fantastic financial investment. In the 10 years we have actually possessed it, there has been a grand total of 2 months where it hasn't been occupied with renters. Located in South Minneapolis near picturesque Lake Nokomis/Hiawatha, its' central area and proximity to parks gets occupants with ease. Well maintained: in the time we have actually owned it we have actually changed all the devices, gutters, paint, carpeting, and more. Rental earnings is already higher than your home mortgage, and after taxes it'll make several thousand dollars more. This home will certainly go FAST! Don't wait!
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Provided By:
John Gregoire FIZBER-For Sale by Owner


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