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$290,000 / 7br - 2300ft2 - Owner occupant TriPlex possibility (Jordan)
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Triplex
2503 Irving Ave N
Mpls, MN 55411
Total rents : $4300/mo
New payment standards are 1475 for 2 bed and 2015 for 3 bed. $4965/mo
New owner can change tenants and or rent with 60 day notice
Looking to net $290k
Check out the YouTube videos
Unit 1
First floor
2 bed 1 bath
Kitchen cabinets 4 years old, bath just redone.
$1200/mo
Video on YouTube: Irving Ave #1
Unit 2
Upper floor
2 bed 1 bath
New windows 5 years ago
$1300/mo
Video on YouTube: 2503 Irving Ave N #2
Unit 3
2 story attached
3 bed 1 bath
Redone down to the studs in 2019
$1800/mo Tenant since redone m/m
Estimated costs
Tier 1 License 190/y
RE taxes 4200/y
Insurance 1700/y
City w/s/t 300/mo
Utilities. 300/mo
Added value
Single garage not rented
Separate entrance to basement could put in coin laundry
2-2bed/1bath and 1-3bed/1bath
7/3 total
Tenants on month to month leases. Room to raise rents
Looking to net about $290k
Investment, multi family, multifamily house hack