Minnesota Real Estate Investors Association, Inc.

Minnesota Real Estate Investors Association, Inc.

This Property is Not Active


XXX 3rd St NE, Madelia, MN 56062

Single Family / 4 Bedroom(s) / 2 Bath(s)

Property Status:  Not Available | $70,000.00 | 


Property Photos
XXX 3rd St NE (Image - 1)


Non-MLS/Wholesale Property For Sale - Will sell FAST. Needs rehab


Property Status:
Not Available | $70,000.00

Contact Info
Affinity Homes, LLC
(612) 730-1200

Request To See This Property
Property Details:
Single Family / 4 BR / 2 BA
Property Style:
Split Entry
Year Built:
1973
Finished Sq Ft:
1,541
Garage:
1 Car Detached
Basement:
Finished Basement
Owner / Agent:
Individual Owner
Property Features:
Central Air
Property Description:
Address: XXX X St NE, Madelia, MN 56062 (if interested, request full address. Serious inquiries only please) Photos: dropbox.com/sh/0qrx2riugathlpm/AACwRn0mZW8zceZcAkFM6lYYa?dl=0 Comps:$148,000 - 215 3rd Street SW, Madelia MN 56062 $172,000 - 621 1st Street SW, Madelia MN 56062 $170,000 - 416 Center Avenue S, Madelia MN 56062 Potential rehab cost could be $30k-$40k depending on what you decide to do, and how you go about getting it done. See below for Renovations and Comments section Offer Process and Terms: Please email your offer and or queries to Michel at pleaum@hotmail.com or affinityinvestments@outlook.comONLY cash offers Highest and Best Offer. Minimum suggested offer is $70,000 Closing date must be on or before May 14, 2021 Buyer is required to provide a proof of funds letter, and at least $5,000 non-refundable down payment within 2 business days of offer acceptance or we will move on to the next best offer.   Suggested Renovations needed:Needs new kitchen upstairsNeeds ~40% of walls (wood paneling) replaced with sheetrockPaint throughout entire house except upper level bathroomLower level bathroom and laundry room combo. Could build a closet around laundry to create separation from bathroom. Bathroom needs complete remodeling, or based on comps just don't rehab second bathroom and instead clean it up.There are a couple closets with small amount of mildew on the lower wall by floor so need to replace that sheetrockThere are two bedroom in lower level that can be used as bedrooms, and family room.New carpet for the floors and laminate in kitchen and upper family roomExterior: roof and siding in good condition except for a piece of siding in back of house, and a couple holes in garage siding. The space between roof and siding (overhang) needs to be scraped and painted on both the house and the garage Other comments:Upstairs bathroom is new except toilet - no work neededOwner says furnace and AC work and are 10-15 years oldWater heater new in 2016. Roof on house and garage owner thinks around 10-15 years old. Good condition1 car garage with no driveway to it. There is a paved driveway entrance from street, then just grass to the garage which is straight back from street behind house. Its a decent size small town and homes in this neighborhood were in good condition 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

Legal Disclaimer:
Minnesota Real Estate Investors Association, Inc. 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.

Contact Us

Minnesota Real Estate Investors Association, Inc.

2515 White Bear Ave #211
St Paul, MN 55109
(763) 432-2809

Proud Chapter of National REIA

Follow Us


Privacy and Security Policies

Your email will never be shared or sold to other members, vendors or any other third party without your consent.

Disclaimer

www.MnREIA.com  (Minnesota Real Estate Investors Association, Inc.) does not give legal, tax, economic, or investment advice. MnREIA disclaims all liability for the action or inaction taken or not taken as a result of communications from or to its members, officers, directors, employees and contractors. Each person should consult their own counsel, accountant and other advisors as to legal, tax, economic, investment, and related matters concerning Real Estate and other investments.   Poster may be selling their equitable interest in said property(s).

Copyright 2025 © Minnesota Real Estate Investors Association, Inc.  All rights reserved.

This REIA Website is powered by: Real Estate Promo.