Minnesota Duplex for Sale

If you’re in the market for a lucrative investment opportunity or a spacious home in Minnesota, look no further than this impressive duplex for sale in the heart of Phillips. Boasting not only a large lot but also four individual units, this property offers an abundance of potential for the discerning buyer.

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Comprising two 2-bedroom units, one 1-bedroom unit, and one 3-bedroom unit, this duplex caters to a variety of living arrangements. Whether you’re looking to rent out the units for a steady source of income or occupy one and rent out the others, the choice is yours. The well-maintained and renovated units are sure to attract tenants who value comfort and style.

Minnesota Duplex for Sale

As you step inside, you’ll be greeted by the charm of hardwood floors and tall ceilings, creating an inviting and cozy atmosphere. The attention to detail in the renovations is evident throughout, making each unit a desirable living space for tenants. The timeless appeal of hardwood floors adds a touch of elegance, while the tall ceilings provide a sense of spaciousness.

Location is key, and this duplex is ideally situated near Children’s and Abbot Hospitals, making it the perfect choice for healthcare professionals. The proximity to these reputable medical facilities opens up a range of opportunities for potential tenants, from long-term rentals to creative short or medium-term options. With a close location to the hospitals, the demand for housing in this area is likely to remain high, ensuring a steady stream of potential tenants.

Currently generating a monthly income of $3,895, this duplex presents an excellent investment opportunity. However, it’s worth noting that the current rent is below market value. This means there is potential for even greater returns by adjusting the rental rates to match the market. By doing so, you can maximize your investment and increase your monthly income.

Whether you’re an experienced investor or a first-time buyer, this Minnesota duplex offers an attractive opportunity. With its spacious lot, well-maintained units, and potential for additional income, it’s a great buy for anyone looking to enter the real estate market or expand their portfolio. Don’t miss out on this chance to own a property with immense potential in a sought-after location.

In conclusion, this Minnesota duplex for sale in Phillips is a gem waiting to be discovered. With its versatile units, well-maintained interiors, and a prime location near hospitals, it presents a fantastic opportunity for both investors and owner-occupants. Don’t hesitate to explore the possibilities and make this property your own.

2812 Park Avenue S, Minneapolis, MN 55407