South St Paul Investment - PLEASE READ ENTIRE DESCRIPTION

Property Description

Are you looking for a GREAT RENTAL property? The MLS is filled with investors snatching up properties in minutes. Here is your chance to buy an investment pre-MLS.

What are the best things about this opportunity:

• Pre-MLS investment opportunity
• 3 bedrooms on one level
• 1.5 bathrooms
• Room to add square footage in the basement
• Large living area
• Large dining area
• 2 car detached garage
• good size yard with fence on 2 sides
• Newer windows
• Newer roof

Why is this an investment:

• Bathroom is SMALL and needs some creativity, no shower, sloping ceilings
• Upper level lath and plaster ceilings are cracked and in need of some repair
• The electrical is updated but will need a contractor to address some things
• The garage doors and stucco is in need of repair, garage itself needs some other attention
• Cosmetically speaking, this home needs some love

Why a rental and not a flip:

• The ARV is $180,000 respectively. There isn't enough room for a flip on this one. 
• The adjusted purchase price of $149,900 is NON-negotiable.
• Estimated payment at 5.75% interest and 20% down is $895 per month - HUGE CASH flow opportunity

Can a home buyer and not an investor buy this home?

• Yes, with cash or conventional financing. NO FHA or VA financing.
• Expect to do some heavy lifting. There are NO major updates needed to this home. However, when a buyer thinks cosmetic compared to when an investor thinks cosmetic, it is different. Don't be fooled. You can buy this home at a huge discount if you are willing to put in the work.
• There is a family here now, you can move in its current condition. 

Are realtors welcome?

• Yes, but this is non-mls for a reason. Realtors will NOT receive a commission at the adjusted price of $149,900. The buyer and buyers agent will have to negotiate that on top of the offer. DO NOT write commissions into an offer if you have an agent. The realtor should have a separate agreement with me directly called a commission agreement.
• We will go live on the MLS if we don't sell, there will be no need for buyers to have any commission conversations if we go live on the MLS.

Private Showing only on Sunday January 27th. Call to schedule a time directly with me at 651-485-6383.