Are you looking for a fantastic investment opportunity in Minnesota? Look no further than this large Phillips 4-plex with a spacious lot! With its prime location and attractive features, this property is a must-see for both investors and owner-occupants.
Situated in a desirable area, this 4-plex offers two 2-bedroom units, one 1-bedroom unit, and one 3-bedroom unit. Each unit has been meticulously maintained and renovated, ensuring a comfortable living experience for tenants. The hardwood floors and tall ceilings add a touch of elegance to these already charming units.
One of the highlights of this property is its proximity to Children’s and Abbot Hospitals. This makes it an excellent option for healthcare professionals who are looking for a convenient place to live. The close proximity to these hospitals also opens up a range of potential rental options, including both short and medium-term stays.
Currently, the property generates a monthly income of $3,895. However, this figure is below the market rent, indicating that there is room for potential income growth. Investors can choose to rent the units long-term or explore other creative rental options, such as Airbnb or furnished rentals, given the property’s proximity to hospitals.
For investors, this property presents an exciting opportunity to generate passive income and maximize returns. With the potential to increase rental rates and the strong demand for housing in the area, this 4-plex offers an attractive investment option.
On the other hand, owner-occupants can take advantage of the spacious lot and enjoy the benefits of living in a well-maintained property. The additional rental income from the other units can help offset mortgage costs and provide a valuable source of supplementary income.
Overall, this Minnesota duplex for sale is a great buy for both investors and owner-occupants alike. Its location near major hospitals, well-maintained units, and potential for additional income make it an attractive investment opportunity. Don’t miss out on this chance to own a valuable property in a sought-after neighborhood. Contact the listing agent today to schedule a viewing and explore the possibilities that this 4-plex has to offer!
2812 Park Avenue S, Minneapolis, MN 55407