$675,000 · HENNEPIN COUNTY, MINNEAPOLIS, MN 55404
Tight for flippers · Landlords would lose money

Available

$675,000Asking price

6 bd · 6 ba · 4,878 sq ft · built 1982

HENNEPIN COUNTY, MINNEAPOLIS, MN 55404

Contract on file

Listed 20 hours ago

Tight for flippers

Landlords would lose money

The Numbers

Flip

Rental

Sells for (comps’ value)The seller says $1,500,000: $826,000
Asking price: −$675,000
RepairsMiddle of the seller’s $15,000 – $25,000. Ours: $0 – $43,000: −$20,000
Loan, holding, closing20% down, 12% interest, 2 points, 68 days: −$67,902
Profit7.6% of ARV · flippers want 10%+: $63,098
Tight

Works for a flipper at $656,000 or less. On the seller’s $1,500,000 it would show $716,878 profit.

Captain Fungus

No reviews yet

Comps

Sales

Rents

ARV $1,500,000

Seller’s own value

The seller’s 5 picked sales support $826,000, which is $674,000 less.

The sales behind this value are shown to members.

ARV $1,500,000

Seller’s own value

The seller’s 5 picked sales support $826,000, which is $674,000 less.

The sales behind this value are shown to members.

Captain Fungus

No reviews yet

Seller Description

GREAT Value add deal for Fix & Flipper, wholesalers or contractor buyers! We will cover $10k wholesaling fee or double dip realtor fees for buyers' agent Massive off market distressed 4-plex in downtown Minneapolis for sale by owner Capacity to easily turn into 6-unit, and cash out $1.3M after conversion Perfect BRRR deal, needs ~15k in cost to split units and convert to 6-plex for $1.5M ARV conservatively 13Br/6Ba, 5000sq ft, makes ~10k/month as is as a 4plex. Asking $675k obo, Cash or Hard money only Call 612 293 9157 for more info First come first served, professional wholesalers or end cash buyers or buyers agents only