If you are on the hunt for a property that offers both an affordable price and excellent potential for either owner occupancy or investment, look no further than this duplex in Minneapolis. With its up-and-down layout, separate gas and electric meters, and a detached two-stall garage, this property presents an exciting opportunity for buyers in the real estate market.
One of the most appealing aspects of this duplex is its current occupancy status. The upper level is already occupied, meaning that you can start generating rental income from day one. The presence of a tenant provides a certain level of stability and cash flow, making it an attractive option for investors looking to expand their portfolios. On the other hand, if you are a potential owner-occupant, having a tenant already in place can help offset a portion of your mortgage, making homeownership more affordable.
The main level of the duplex is currently vacant, allowing for immediate occupancy by the new owner or the possibility to find a new tenant. This flexibility opens up a variety of options for buyers, whether they are looking to live in one unit and rent out the other, or rent out both units for maximum income potential.
A key feature of this property is the separate gas and electric meters for each unit. This ensures that tenants are responsible for their own utility usage and payments, reducing your expenses as a landlord. Additionally, each unit has its own gas space heater, providing individual temperature control and further minimizing utility costs.
Convenience is also a highlight of this duplex. The shared main-floor laundry eliminates the need for tenants to find alternative laundry facilities, making the property more attractive and convenient for potential renters. The detached two-stall garage provides ample parking space for both tenants, ensuring easy and secure storage for vehicles or extra belongings.
The front porch, accessible to both the main and upper units, offers a welcoming outdoor space for relaxation or socializing. It adds charm to the property and creates a sense of community for its residents.
Minneapolis, known for its vibrant culture, thriving job market, and diverse neighborhoods, is an excellent location for real estate investments. With this duplex, you have the opportunity to tap into the city’s growing rental market and benefit from its strong demand for housing.
In summary, this Minneapolis duplex for sale presents an exciting opportunity for both investors and owner-occupants. With its affordable price, current tenant occupancy, separate meters, shared laundry, detached garage, and front porch, this property checks all the boxes for a wise investment. Don’t miss out on this chance to make a sound real estate move in one of the most desirable cities in the United States.
4034 Colfax Avenue N, Minneapolis, MN 55412