WHOLESALE PRICE: $188,000

• Purchase can be made with CASH or Contract for Deed
• Terms: $40K Down Payment
• Monthly payments of $1,500 @ 5% interest for 12 months.
• A balloon payment on the balance owed with interest after 12 month.
• Close with existing Tenant in place or move closing to 3/1/21 when tenant will be out.

Comps to Consider

ARV = $220K+ for Duplexes in the Area

Duplex Potential Rents:
$1,150+ on 2nd Floor with 2 Bedrooms and Garage with Separate Furnace & Laundry
$1,150+ for 1st Floor with 2 Bedrooms and 2 Full Bathrooms with Separate Furnace & Laundry

Triplex Potential Rents:
$1,150+ on 2nd Floor with 2 Bedrooms and Garage with Separate Furnace & Laundry
$950+ on 1st Floor with 2 Bedrooms and 1 Full Bathroom
$650+ on 1st Floor with Small Kitchenette and 1 Full Bathroom with Small Stacking Washer / Dryer

2nd Floor Tenant will be given notice to vacate on or before 1/31/21currently only paying $750/mo.
and doing all the shoveling and lawn care. If he stays he will pay $1,095 /mo. starting on 3/1/21 and will be willing to sign a new lease with new owner. No leases will be executed by the Seller for the 1st floor unit.

>> MORE PHOTOS HERE <<

Saint Paul Duplex/Triplex Property Details

Nice property across from big park, decent finishes and remodeling done inside over the years such as Electrical, Plumbing, Heating 15 yrs ago, newer aluminum siding, some newer windows.
Good cash flow potential, Separate utilities for each tenant just split up Water and Trash. 

Laundry in both units

NOTE:

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.

REALTORS:

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 no listing agreement in place, therefore, no cooperation policy applies to this transaction and at this time the above property will not appear on any retail market listing services.

DISCLAIMERS:

*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/contracts 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.

*** 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.