Cash Flow Triplex | Investor Alert!
FOR SALE! $199,000
CONTRACT FOR DEED TERMS AVAILABLE! INQUIRE FOR DETAILS- MUST HAVE DOWNPAYMENT
INVESTMENT TRIPLEX IN CANNON FALLS MINNESOTA
Just a short 30 minute drive south of Apple Valley, this cash flow investment property has great features. The property boasts 3 large units and is currently fully occupied creating a nice cash flow opportunity for the right buyer.
Unit 1: This apartment is on the main and lower level of the property and features spacious living at 1500 square feet. There are 3 bedrooms, one is on the main level and the other two bedrooms are on the lower level. All of the rooms are large with the living room at a whopping 20X13! There is also a large office, central air, all kitchen appliances, a washer and dryer, and a nice size eat in kitchen. This unit currently rents for $1350/mo.
Unit 2: This unit is on the upper level and also provides plenty of living space at 1000 square feet. There are 3 large bedrooms and 1 3/4 bathrooms. Also included with the apartment are the kitchen appliances, washer and dryer, water softener, and a good size eat in kitchen. This unit currently rents for $650/mo.
Unit 3: This is the smallest of the three units at 503 square feet. This is a one bedroom one bath main floor apartment. There is a nice porch, central air, kitchen appliances, and large rooms. This unit currently rents for $465/mo.
$199,000 (c4d available- owner financing)
This is a great set up if you are looking to owner occupy or just rent the units. The current rental set up stipulates that the owner covers taxes, water, sewer, and gas. The tenants are responsible for electric, lawn, and cable T.V.
The property is not a short sale or foreclosure!