We Buy Houses

Buy - Sell - Rent - Invest

Affinity Homes, LLC

5332 Upper 147Th St W
Apple Valley, MN 55124
 (612) 730-1200
Contact Us

Affinity Homes, LLC

5332 Upper 147Th St W
Apple Valley, MN 55124
 (612) 730-1200
Contact Us

1743 7th St E, Saint Paul, MN 55106

5 Bedrooms / 3 Baths / Multiple Family

Property Status: Available (Wholesale) |  For Sale: $217,000.00

NEW INFO: $1,400/mo NET cash flow (profit)! Utilities split! Better terms! Contact Michel: 612-730-1200 / affinityinvestments@outlook.com

Property Details:
Property Style:
1-1/2 Story
Year Built:
Finished Sq. Ft:
2 Car Detached
Unfinished Basement

Address: 1743 7th St E, St. Paul, MN

Cash Flow: Up to $1,400/mo NET cash flow / profit potential !!!! This is a duplex with the main level as a 4 bed/2 bath single family home, and the upstairs is a 1 bed studio apartment with a separate entrance. Is currently rented to tenants on month-to-month leases for $2,2,70 per month. This property was Section 8 Certified. Switch back to Section 8 and collect gross rents of $3,070 per month (rent rate verification here: https://stpha.org/images/section8/2021_payment_standard.pdf ). Cash flow analysis included expenses for mortgage, taxes, insurance, and water/sewer/trash city utilities; add maintenance accrual

Comps: 1) 929 Magnolia Ave E - Sold for $265,000 (listed for $244,000), 2) 1165 Bush Ave - Sold for $265,000 (listed for $249,900), 3) 917 Freemont Ave - Listed and Sold for $278,000, 4) 891 Case Ave - Sold for $300,000 (listed for $279,900), 5) 1648 Bush Ave - Sold for $306,000 (listed for $289,000)

After-Repair-Value (ARV): $265,000-$295,000   Tax Value: $262,000 for 2020 tax year

Property Updates and Details: This is a turn key rental property. Siding type is vinyl. Most of roof replaced 3-4 years ago. Heat type is furnace. House has old world charm with hardwood floors, trim and built ins. There is a 2 car garage.

Photos: https://www.dropbox.com/sh/fswg3dl2ilnidet/AACK9owdx_iznV2HtQ01XF-Pa?dl=0

Offer Process and Terms:
Call, text or email Michel for info or showing: 612-730-1200 / affinityinvestments@outlook.com. Prefer cash offers. Closing date ideally by end of November, 2021. Buyer is required to provide a proof of funds letter, and at least $3,500 non-refundable down payment within 2 business days of offer acceptance or we will move on to the next best offer. 

Disclaimer: All information presented here is the opinion of the seller and wholesaler based on physical inspection and is not intended to be a guarantee of the renovations and repairs needed

Real Estate Promo is not responsible for the properties or the information listed here. Each Property is independently owned.  Click on the link above to contact the Property Owner about this property.