Minneapolis, MN, 55411, Minneapolis, MN, 55411

Description

🚨 INVESTMENT OPPORTUNITY – DUPLEX IN MINNEAPOLIS W/ MONTH TO MONTH TENANTS 🚨 • Entry: $37,500 + TC/CC (~$43k all-in) • COC (Now, Gross): 26% • COC (With Bill-Back, Gross): 32% • COC (Now, Net): 9% • COC (With Bill-Back, Net): 15% CALL/TEXT KEVIN TODAY — (425) 281-0886 🏠 PROPERTY DETAILS • N, Minneapolis, MN 55411 • Type: Duplex (Up/Down) • Beds/Baths: 4 / 2 • Living Space: 2,288 sqft • Year Built: 1925 • Parking: Driveway for 3+ cars ✨ AMENITIES & UPDATES • Tier 1 rental license (long-term security) • Exterior paint (2024) • Bathroom + window updates (2015) • Roof replaced (2011) • Stainless appliances, original hardwoods, built-in hutches • Separate electric + boiler systems per unit • Coin-operated laundry = untapped extra income stream 💵 RENTAL INCOME (MONTH-TO-MONTH TENANTS IN PLACE) • Unit 1 (Main): $1,575/month • Unit 2 (Upper): $1,500/month • Total Gross Rent: $3,075/month 💧 UTILITY BILL-BACK OPPORTUNITY • Tenants already pay gas & electric • Owner pays water/sewer/trash: ~$212/mo • Bill this back → adds +$212/month profit instantly 📑 DEAL STRUCTURE – SUB-TO / HYBRID • Purchase Price: $279,900 • Entry: $37,500 + TC/CC (~$43k all-in) • Existing Loan Balance: $174,160.29 (Sept statement) • Loan Terms: 4% fixed, PITI = $1,437.78/mo • Balloon Date: June 10, 2031 (first mortgage) Seller Carry (2nd Note) • Balance: $68,239.71 • Terms: 4.5% interest, $333.78/mo • Balloon: 5 years 📊 INVESTMENT HIGHLIGHTS Current Cash Flow (Owner Pays Utilities) • Gross Cash Flow: ≈ $943/mo | $11,315/yr • Net Cash Flow (after 20% set-aside): ≈ $328/mo | $3,935/yr Cash Flow With Tenant Bill-Back • Gross Cash Flow: ≈ $1,155/mo | $13,859/yr • Net Cash Flow (after 20% set-aside): ≈ $540/mo | $6,479/yr ◦ Coin-op laundry = additional upside 📈 CASH-ON-CASH RETURN • Entry: $37,500 + TC/CC (~$43k all-in) • COC (Now, Gross): 26% • COC (With Bill-Back, Gross): 32% • COC (Now, Net): 9% • COC (With Bill-Back, Net): 15% 🔑 STABILITY & UPSIDE • Tier 1 rental license = long-term rental stability • Bill-back adds NOI immediately (no rehab needed) • Tenants paying down debt + built-in appreciation • Optional owner-occupant strategy: live in one, rent the other 🔄 EXIT STRATEGIES • Hold for strong long-term cash flow • Refi before balloon dates • Sell retail once loan balance drops • Package into a portfolio resale 👊 Bottom Line: Cash-flowing duplex with built-in upside.