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$400000 / 6br - 3200ft² - 2 houses/1 lot--contract for deed W/ assumable loan

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16xxx Ramsey Blvd NW

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6BR / 4Ba 3200ft2 house available aug 16

Are you looking for a house with an apartment or mother-in-law house? Need an assumable loan with C/D? and NO CREDIT CHECK???
Looking for land with a barn for storage?
Look no further. I am selling the exact property you have been looking for. Main house is a 4 bedroom 3 bath 3,200 sq. ft. stucco home that was built in 1978
This is a very nice house that sits back from the street a bit. Beautiful yard areas to watch wildlife from.
The following is a example of some of the updating that was recently finished.
New Timberline roof
New mechanicals
New "Wirsobo" heated concrete floors that are stamped in the main level.
Bathrooms have been updated with stone and Craftmade cabinets
Bathrooms have in-floor heat.
New Anderson Windows in '08
New carpet in several areas of the home.
Recessed lighting
Electrolux Stove and dishwasher
New natural stone fireplace surround on natural log fireplace

The main house has been through a fair amount of remodeling in the past 6 years but, there is still some left to do. For example, I purchased new kitchen cabinets and granite counter tops and they still need to be installed.

HERE IS THE BIG BONUS:
The rental property or mother in law unit generates $1,300 per month in rental income!! Built in 2008, It is a 2 bedroom 1 bath about 1,300 sq ft and very nicely finished. Craftmade cabinets, recessed lighting, tile floors in kitchen, Newer appliances -08, It has all its own utility meters, septic tank. It shares the well w/ the main house.
Both properties sit on 2.7 acres (zoned for horses) and there is a lot of beautiful landscaping.
There is a 1+ car 2-storey barn behind the rental for parking and storage up top.

Ramsey is on the verge of exploding in retail and city based amenities. The NEW light-rail is just 2 miles away next to shopping and retail. Feels like living up north but you are only 20 min to minneapolis. Tennis courts across the street. Miles of walking trails. Fishing off new city dock is only 4-5 miles away at Armstrong Blvd.

Price is negotiable depending on how much of the kitchen you are willing to do your self. As-is price is $400K for both houses.
If you prefer to have it completely finished with a new kitchen in main house the price is = $420K for both houses.
C/D is assumable at 6.5 % with the a balance of $300K
This means you need $100K cash as a downpayment.
No dreamers please. ONLY QUALIFIED BUYERS (CASH) NEED CALL I don't care if you have been through a foreclosure or have gone bankrupt last week. Cash is king.

The C/D is amort over 15 years with about 10 left to pay. A lot of money each month goes to principal amount, since I have already paid a lot of the interest off over the past 5 years!! Ballon on C/D is 4.5 years maybe longer if you can demonstrate that you can make the payments on time.


NOT INTERESTED IN LISTING W/ AN AGENT. I will pay 2.5 % buyers agent fee though.
.
If interested, contact me for a showing. Please do not waste my time if you don't have any money
or something of similar value to trade. Email only please
  • do NOT contact me with unsolicited services or offers

post id: 4622885083

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