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:
Finished Sq Ft:
2 Car Detached
Unfinished Basement
Owner / Agent:
Individual Owner
Property Features:
Central Air
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

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.


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 2022 © Minnesota Real Estate Investors Association, Inc.  All rights reserved.

This REIA Website is powered by: Real Estate Promo.