2344 Aldrich Ave S

Minneapolis, MN 55405
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5 bd, 2 ba | 2,185 sqft | Built in 1900

For Sale

Exclusive

List Price
$515,000

Initial Investment

$140,338

$

about the purchase process.
Features

Occupancy

Vacant

Property Type

Duplex

Lot Size

6,098

HOA

None

Flood Risk

Not Required

  • Unit 1 is occupied and has a pet fee included in monthly rent of $50
  • Unit 2 is currently vacant
  • Living destination for working professionals in the Minneapolis area.
  • The area surrounding Hennepin and Lake Street is very walkable with lots of retail, dining, and access to nightlife in the nearby Warehouse district. Uptown is a vibrant place for working professionals who want to experience the city life. Learn more about the Area here
  • Leverage our cashflow calculator by clicking on the Financials Tab and looking for the "Cashflow" and "Equity" Tabs. Review your expenses and amortization schedules should you use leverage. Adjust your financial assumptions such as downpayment amount, vacancy rates, and capital expenditures.
  • Learn more about Minneapolis here
See more in Analysis

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Annual Financial Highlights

Expected Rent

$38,418

Expenses

-$8,861

Property Taxes

-$7,200

Loan Payments

-$22,128

Net Cash Flow

$229

See more in Financials

Property Characteristics

Inspection Contingency

This home will be inspected after the offer is accepted and prior to closing, during which time you can negotiate price or repairs based on the inspector's findings or cancel the contract.
  • This property will be professionally inspected before closing.
  • You'll have the opportunity to negotiate a lower price or repairs if any issues are identified during the inspection process.
  • Your earnest money deposit will be refunded if you cancel the transaction before the inspection contingency termination date.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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