Property Description

Exceptional duplex investment in Lovejoy neighborhood! This side-by-side, townhouse-style multi-family property offers strong cash flow potential with a projected 10%+cap rate based on conservative pro forma rents of $900/$1,100~ideal for investors or owner-occupants. Each unit features separate utilities in-unit laundry, and two full levels of living space ~ high demand features for today's tenants. Conveniently located near public transportation, making commuting east and increasing rental appeal. The front unit includes a covered front porch entry foyer, high ceilings, new vinyl flooring, a flexible first-floor bedroom or office, full bath, laundry area, and a bright kitchen. The second floor offers a bonus loft space and an additional bedroom. Heating is provided by a wall furnace and gravity heat system. The rear unit features a mudroom/laundry entry with vaulted ceilings, large closet, and an updated half bath. The spacious eat-in kitchen opens to a living room with hardwood floors. Upstairs includes new vinyl flooring, two oversized bedrooms, and an updated full bath. This unit also has access to a private backyard and includes an updated forced-air furnace. Additional features include separate gas and electric, updated hot water tanks, circuit breakers, vinyl siding, some newer windows, and a roof installed in 2015. Garage and off-street parking for the win. Located near Public Transit, three blocks from Hennepin Park, Five Streets from Lovejoy Pool, and minutes from shopping and restaurants. Private showings by appointment only. Proof of funds required.

Property Features

Local Schools