2913 – 18th Ave S – Minneapolis, MN 55407
3,188 SF / 4 Plex / 2+ BR Units / 2 Car Garage
ARV: $479K+ REHAB Est: $20K-40K
Wholesale Cash Price $362,000
Nothing like this has SOLD…this low…in over 2 years!
Comps to Consider
Most of these comps are only 1 BR / 1 BA units
Parking Off-Street for 6+ Vehicles & 2 Car Garage
Gross Rents = $4,340 / mo. plus Garage Rent & Laundry Revenue
(Currently $1,040 to $1060 per unit – Month to Month)
Most tenants will stay with even a raise in rent to $1,095/mo.
Midtown Neighborhood Details
Neighborhood watch has sealed off the streets & created a
nice safe environment for residents.
South Minneapolis 4 Plex Details
Note: Tenants own their own A/C window units. Landlord pays for Heat, Hot Water, Cooking, Trash & Water, Lawn & Snow, and Maintenance. Approx. cost is $10,400/yr + Insurance, Taxes & License fees.
Buyer will pay ALL closing costs, taxes after 6/30/20, and Seller is guaranteed to net $362K or more at the closing minus their loan pay off amount.
AGENTS: Add your fee to the offer price and get supplements from the MLS listing
Property is sold “AS-IS”
Some of our properties are occupied. Please do not disturb occupants. For access and more information or questions about the property contact our agent. $5,000 Non-Refundable Earnest Money Required to Secure Property with all offers.
If you are currently working with a client, and wish to receive commission, please note that the wholesale price does not include your commission.
You may want to negotiate a commission with your client separate from the wholesale price or you may adjust the wholesale price upwards to include your commission.
There is a listing agreement in place.
* PropertyInvestmentMN.com is a website brand owned and controlled by Property Investment Enterprises, LLC., and all properties listed herein are owned or under contract by Property Investment Enterprises, LLC or listed with one of our licensed partner agents. Property Investment Enterprises, LLC is in the business of acquiring properties and selling wholesale to investors.
** A contract or listing of the property is being marketed, and may not currently be owned by Property Investment Enterprises, LLC. Property Investment Enterprises, LLC is not a real estate brokerage and does not represent buyers or sellers, nor does it receive commissions of any kind. Property Investment Enterprises, LLC is represented by eXp Realty and licensee Martin Turner to facilitate all its’ transactions and state forms are used in all sales. Property will not be considered under contract until signed contract and deposit is received by the title company with all contingencies removed. Sales Price is net to Property Investment Enterprises, LLC.
*** Property Investment Enterprises, LLC (PIE) has exclusively relied upon the information listed within the County Assessors and Property Tax office to determine all measurements including lot size, square footage, number of bathrooms, number of bedrooms, number of rooms, zoning, permitted and prohibited uses, construction materials, parking, year of construction, and all other pertinent data relating to the physical improvements and land area of the subject property. Investor acknowledges and accepts that PIE makes no representations and warranties of any kind, whatsoever, as to the actual conditions that may exist within or around the property. Investor acknowledges that it has conducted its own investigation of these facts and due diligence. Investor will verify all material facts including square footage and is purchasing the subject property based upon its own conclusions. Investor expressly acknowledges that it is purchasing the property in “as is, where is” condition. All properties are subject to errors, omissions, deletions, additions, cancellation.