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510 2nd Ave NW, Milaca, MN 56353

Single Family / 3 Bedroom(s) / 2 Bath(s)

Property Status:  Not Available | $237,995.00 (Wholesale) | 


Property Photos


Assignment of a Rural Sub To at 3.125%


Property Status:
Not Available | $237,995.00 (Wholesale)

Contact Info
Papa Sells Properties
(952) 522-6564

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Property Details:
Single Family / 3 BR / 2 BA
Property Style:
1-Story
Year Built:
1953
Finished Sq Ft:
2,351
Garage:
1 Car Detached
Basement:
Finished Basement
Owner / Agent:
Wholesale
Property Features:
Central Air
Fireplace
Patio
Property Description:
Subject To - Assignment of Contract Very large first floor (1,850 Sq Ft) with main floor laundry and more laundry hookups in the basement. 3 bedrooms and 2 baths all on the same level! The bedrooms are all large with excellent closet space. There will be items left behind, so be prepared for a clean-up. Solid home with almost new mechanicals! Just 30 minutes to Grand Casino Mille Lacs!!! Bed/Bath: 3/2Purchase Price: $237,995.00 I have the property under contract Assignment Fee: $12,500 TERMS: Down Payment: $8,695 • $5,000 to Seller • $3,695 to Agent Terms of the Deal: • There are two loans a mortgage and a second to Centerpoint for HVAC  • 1st Mortgage Balance $208,055.00 (20 years remaining) • PITI for 1st = $1,341.63 • Interest Rate 3.125% • 2nd Mortgage Balance $8,745.00   • PITI for 2nd = $269.96 • Interest Rate 9.99% • Total Monthly (without paying off HVAC loan) - $1,611.59 TOTAL ENTRY FEE - $8,695 + $12,500 = $21,195 + both sides closing costs VALUE ADD: With a few thousand dollars, add an egress downstairs and have this be a 4/2! Full pictures at - 1drv.ms/f/s!Auit7hTgwjKQhLhHLlSctMuLQua1Sg?e=5Vp6Fk

Legal Disclaimer:
This is a Wholesale Deal. The investor is not selling the property for the seller. The investor is a principal party in a valid and assignable purchase agreement which allows the investor to purchase the subject property from the seller. This purchase agreement is being offered for sale for an assignment fee to a 3rd party granting that party the opportunity to execute the purchase agreement to buy this home. The investor has the right to market the property, list the property on the MLS (Multiple Listing Service) and advertise the property on any online or offline marketing source as investor choses in order to find a prospective buyer to assign this contract to for an assignment fee. Real Estate Promo is not responsible nor will be held liable for the property or the information listed here.

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