GREAT INVESTMENT OPPORTUNITY IN ST. PAUL, MN! Don't miss this income-producing duplex with excellent cash flow potential! One unit is currently occupied by a tenant paying $1,500 per month, while the second unit is vacant and ready for a new tenant or owner-occupant.
With a potential combined rental income of $3,200 per month ($38,400 annually), this property offers an excellent opportunity for investors looking to expand their rental portfolio and build long-term wealth.
Live in one unit while collecting rental income from the other, or rent out both units to maximize your returns! Whether you're a seasoned investor or just getting started in real estate, this duplex offers great income potential and flexibility. Don't miss your chance to own a multifamily investment property in St. Paul!
-Duplex with two rental units; unit 1 is vacant. unit 2 is tenant-occupied by a tenant
-One tenant is Section 8: $1,500 total rent, $1,250 from Section 8 voucher, $250 from tenant directly
-Tenants pay electric and heat; owner pays water, sewer, and trash (one combined bill)
-Roof is ~10 years old
-2 furnaces and 2 water heaters, both installed in 2013
-Window AC units used in both units; ductwork exists but no central AC installed (could be added)
More About This Property
Nearby Markets12 cities · 8 counties · 12 ZIP codes
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ARV $290,000
From the listing
The seller picked no comps. Investimate’s own value for this home is $209,000.