Eight-unit apartment building in the Stevens Square neighborhood with stable occupancy and strong cash flow. A rare opportunity to assume an existing 4% interest-only Contract for Deed, providing financing terms that are difficult to obtain in today's market. The property currently generates approximately $3,000 per month in cash flow and offers additional upside through future rent growth and continued professional management. Conveniently located near downtown Minneapolis, public transit, major employers, restaurants, and parks. An excellent opportunity for an investor seeking immediate income with favorable long-term financing.
Existing 4% interest-only Contract for Deed available for assumption. Approximately $125,000 down, plus closing costs, required. Current financing balance is approximately $873,600. Current rent roll and financials available to qualified buyers.
Tenants pay their own electricity.
What the owner loves about this home
What I love most about this property is the combination of strong monthly cash flow and exceptionally attractive financing. The existing 4% interest-only Contract for Deed is difficult to replicate in today's market and provides immediate income with long-term flexibility. The location near downtown Minneapolis and tenant-paid electricity make it an efficient investment with continued upside potential.
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Listed by:
Property Owner(802) 379-9857
This property is for sale by owner and Zillow, Inc. is displaying it at the owner's request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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