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!
Active
Price cut: $5K (5/16)
$94,900
501 1st St N, Virginia, MN 55792
4beds
2baths
1,818sqft
Est.:
Duplex Up and Down
Built in 1904
-- sqft lot
$95,200 Zestimate®
$52/sqft
$-- HOA
What's special
- 132 days
- on Zillow |
- 187 |
- 13 |
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