Property Description:
REDUCED PRICE as of 01/06/2020!
Triplex located in quiet neighborhood in St Paul Park on a large corner lot! Currently getting below market rents so flexibility in raising rents for 2020 - see below. Also a great opportunity for first time investor to house hack - live in one unit while rent out the other two units!
-Built 1900
-4 bedroom/3 bathroom
-2,150 sq feet
-.32 acre lot
-2 car detached garage
-One boiler with radiator heat, no AC
-Separate electrical
-New roof as of 2011
-Original furnace/hvac system from when purchased in 2004
For photos, visit: reibb.co/1s3v
**Currently all units rented**
2 Upper units =1 bedroom, 1 bathroom = 440 sq ft each
Rent = $575/month per unit
Lower unit = 2 bedroom, 1.5 bathroom= 800 sq ft
Rent = $745/month
*All well below median rents in the area - verified by Renter's Warehouse agent
1 bedroom should be around $850-950
2 bedroom should be $1200-1300
Gross Rent Potential = $2,700+
*Buyer pays both sides of closing costs
Title work completed, No TISH required for St Paul Park.
*Agents = please add your commission on top
If interested, please call or text Lauren at 651-829-9023
**To be added to our Cash Buyer’s list, text “VIP” to 651-829-9023