Property Description:
1031/1033 18 ½ Avenue NE, Minneapolis, MN
Price: $430,000
Square feet ~3500 (estimated)
Estimated Rent - $2650 and $2150 ($4800/month total)
Photos: Copy and paste this link in your browser for photos - drive.google.com/drive/folders/1MLdryyg3usFKBC-0Op8DuME6gSzEcUK8?usp=drive_link
Details:
Bedrooms: 7 (2 down, 5 up)
Bathrooms: 3 (1 down, 2 up)
No garage
Great opportunity for a house hack in NE Minneapolis. Both units will be vacant at closing.
Gas and electric are split. Water is shared.
Main floor unit is move in ready as is, could be updated. Upper levels need some cleaning and cosmetic updating, but also in pretty good condition.
Could remove kitchen on third floor for an additional bedroom, or keep the kitchen and try to get the property rezoned as a triplex. Do your own due diligence on triplex conversion!
Lots of character, hardwood floors, built ins, and stained glass throughout!
Two boilers and water heaters.
Roof in good condition
Master bed/bath with double vanity
FINANCING TERMS: Cash or hard money preferred, conventional possible
This is an assignable contract, close 12/8/23
$5000 Non Refundable earnest money required
Buyer to pay all closing costs
Property is occupied, contact me for access at (612) 354-8041 or Willie@homefieldhomebuyers.com