This duplex is a great opportunity for either a owner occupied home, or an investor owned home. The current owners have owned it for 20+ years!
This duplex has 3 bedrooms, 1 bat, a kitchen with eat-in dining area, and a large living room, on both sides! This duplex was built in 1947, and has a 2 car garage. MAC updates were done in 1998, and is just 2 blocks from Minnehaha Creek. It is located in the Hale neighborhood of Minneapolis.
As an owner-occupied home, you could live on one side of the duplex, and rent out the other side. With a guestimate mortgage payment of $1500 per month, and a guestimate rent of $1100 per month, your renter could be paying 2/3rds of your mortgage! Imagine living here for only $500 per month!!
If you are an investor looking for a rental property, this property can cashflow! Currently one unit is rented at below market value, but once the lease is up, that could change. If both sides were rented for $1100 per month, just imagine… $2200 per month of gross income.
You can find out more information here.
http://www.results.net/steven.hong/Property/MN/55417/Minneapolis/5128_Bloomington_Ave_S
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