1. Minnesota
  2. Virginia
  3. 501 1st Street N
$94,900

501 1st Street N, Virginia, MN 55792

  • 1,418 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 1904
  • Property Lot Size Icon3,049sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $67/sqft
  • Property List Date Icon Listed 2 months ago

Property 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!

Listing Status:
Active
Listing Office:
RE/MAX Advantage Plus : 952-226-7700
MLS ID:
6690399
  • Basement: PartialStone/RockStorage Space
  • Heating: Boiler

This listing courtesy of RE/MAX Advantage Plus

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

R

Roosevelt Elementary School

411 S 5th Ave, Virginia, MN, 55792

Grades 3-6

0.27 miles away

V

Virginia Secondary School

411 S 5th Ave, Virginia, MN, 55792

Grades 7-12

0.27 miles away

V

Virginia Secondary School

411 S 5th Ave, Virginia, MN, 55792

Grades 7-12

0.27 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.