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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:
1925
Finished Sq. Ft:
1,488
Garage:
2 Car Detached
Basement:
Unfinished Basement
Owner/Agent:
Wholesale

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



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