Minnesota Real Estate Investors Association, Inc.

Minnesota Real Estate Investors Association, Inc.


7233 Oliver Ave S, Minneapolis, MN 55423

Single Family / 2 Bedroom(s) / 1 Bath(s)

Property Status: Sold |  Sold: $255,000.00


Property Photos


Richfield Off-Market Rehab With Low Entry Cost


Property Status:
This Property is currently...
  • Status: Sold
  • Sold: $255,000.00
Property Details:
Single Family / 2 BR / 1 BA
Property Style:
1-1/2 Story
Year Built:
1947
Finished Sq Ft:
1,100
Garage:
2 Car Detached
Basement:
Unfinished Basement
Owner / Agent:
Individual Owner
Property Features:
Central Air
Fireplace
Fenced Yard
Contact Info
Resolution Home Buyers
(651) 283-7084

View on Individual's Website
Property Description:
This house needs work but has good bones and tons of potential. Currently it's a 2bd/1ba but the attic could easily be finished to make it a 3/1 and the basement could also be finished to make it a 4/2 with 1750+ sqft. With a 4/2 configuration ARV would be $415-$425k. Estimated rehab costs $95k-$105k for the 4bd/2ba configuration.

Alternatively to paying the $255k up front, you can get into this property for $44k with the remaining $211k acquisition costs being financed until 12/1 at a rate of 1.58% with no monthly payments required. You would need to either sell the house or have other financing arranged by that date.

* fireplace
* large, fenced back yard
* hardwood floors
* quiet, desirable neighborhood and conveniently located
* well inside the house needs to be sealed
* needs siding, roof, HVAC

Property is being sold "as is." Buyer is responsible for their own due diligence. Buyer to pay all closing costs. All offers will require a $5,000 non-refundable earnest money deposit. Resolution Home Buyers owns this property and this is not an assignment of contract.

* Agents - add your fee to the asking price.

Photos: photos.app.goo.gl/n7V8VDrAnHtmnVbbA

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.

7040 Lakeland Ave N #200
Brooklyn Park, MN 55428
(763) 432-2809

Proud Chapter of National REIA

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