Property Listing
Description
Turnkey Duplex with Strong Cash Flow – 14.7% Cap Rate! This well-maintained property is a solid investment opportunity with excellent returns. The upper unit features a long-term tenant currently paying $860/month, with potential to increase rent for even greater cash flow. Both units are in good condition, offering clean, comfortable living spaces. The building includes a basement with storage and laundry facilities, and has proven to be very low maintenance over time. Similar 2-bedroom units in the area qualify for Section 8 rents of up to $1,100/month, providing additional income potential. A great addition to any investment portfolio!
Property Information
Status: Active
Sub Type: ********
List Price: $94,900
MLS#: 6690399
Current Price: $94,900
Address: 501 1st Street N, Virginia, MN 55792
City: Virginia
State: MN
Postal Code: 55792
Geo Lat: 47.524281
Geo Lon: -92.539388
Subdivision: Virginia
County: St. Louis
Property Description
Year Built: 1904
Lot Size SqFt: 2613.6
Gen Tax: 1182
Specials Inst: 0
High School: ********
Square Ft. Source:
Above Grade Finished Area:
Below Grade Finished Area:
Below Grade Unfinished Area:
Total SqFt.: 1818
Style: Array
Total Bedrooms: 4
Total Bathrooms: 2
Total Full Baths:
Garage Type:
Garage Stalls: 0
Waterfront:
Property Features
Exterior:
Roof:
Foundation:
Lot Feat/Fld Plain:
Interior Amenities:
Inclusions: ********
Exterior Amenities:
Heat System:
Air Conditioning:
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