2743 DuPont Ave S

Minneapolis, MN 55408

Part of Minneapolis Portfolio - Uptown Neighborhood

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16 bd, 14 ba | 6,800 sqft | Built in 2015

For Sale

Exclusive

List Price
$2,275,000

Initial Investment

$619,938

$

about the purchase process.
Features

Occupancy

Vacant

Property Type

Fourplex

Lot Size

5,227

HOA

None

Flood Risk

Not Required

  • Quadruplex property
  • Unit 1 is currently vacant
  • Unit 2,3 and 4 are all occupied and has an insurance fee included in monthly rent of $12.50
  • Unit 3 has a pet fee included in monthly rent of 50 and garage fee of $80
  • Unit 4 has a garage fee included in monthly rent of $180
  • A vibrant mashup of college-town coffee shops, plus refined dining and lodging for when the parents come to visit. During Gophers sporting events, the neighborhood amps up the excitement at sports bars and restaurants. Arts lovers find plenty to engage with, too, at cultural meccas Northrop Auditorium, the Frederick R. Weisman Art Museum and the iconic Varsity Theater.
  • Tenant pool is wide from student looking for housing. Leases are for 12 months and due monthly. Leases can be found to be more than one year, as students look to minimize moving and keep houses within social groups.
  • Learn more about Minneapolis here
See more in Analysis

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Annual Financial Highlights

Expected Rent

$143,184

Expenses

-$27,187

Property Taxes

-$31,600

Loan Payments

-$97,751

Net Cash Flow

-$13,354

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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