Saint Peter Minnesota Duplex FSBO Great Investment Property!

Listing Price $209,000
 

Property Description

This property is a well maintained duplex with the current owners living on the property in one side, and the second side is currently rented out. Sits on a triple city lot, lots of private space in the back yard. It has a 3-stall garage, one single space is separated off for each unit to have a garage. The roof and all windows in the duplex were new in 1998, both sides have newer heat/ac combo units which are very efficient. Both sides have full basements with egress windows, there are no bedrooms made in the basements, but both units were rented as the basement being counted as a bedroom as it was always rented to college students who found the basements useable for bedrooms..ie.. cut down on their rent per student! The larger side is a 3bdrm...4 if counting the basement...Smaller side is a 2bdrm...3 if counting the basement. Both units have been continuously rented out, excellent rental history. The home is in an
excellent neighborhood, just a few houses away from an Elementary school, and just a couple of blocks away from the College Campus. And you couldn't ask for better neighbors! I'd be more then happy to send anyone pictures of whatever they would like to see, inside or out, just let me know. Both sides of this duplex have been well cared, and are clean. There is no
work that needs to be done to either side, it is in move-in condition. If someone is looking at this to buy as an investment property only, and needs a caretaker, we are willing to help out with that, as we will be living in the area once the property is sold. We are also willing to rent for up to 3 months until new tenants are found for our side, although I know we can find new tenants before that. If you are looking at this as a family home, great investment! Live in one side and rent out the other to make your payment!

The last college student tenants that rented this duplex each paid $350 per student, so with 3 students in the smaller side, and 4 students in the larger side the total rent would be $2450 per month. Each side pays their own utilities including electric, garbage, gas, cable, phone etc.  Except the water, that currently is on one bill and we have been paying that ourselves, it runs about $125 per month right now. This certainly could be split between the tenants as so they would be paying all the utilities or just figured into their rent.

The entire house has hard wood floors under all the carpet, except the dining room in the larger side, as that dining room was an addition to the home. If you look at the hard wood floors under the carpet they look very good, they would need to be cleaned up and polished, but otherwise are in very nice condition. And that is on both sides of the duplex.  This home was built in 1924, and was not an original duplex, so if someone wanted to turn this into one large home again, it would be very easy to do.

All reasonable offers are being considered. No one would be disappointed in this property.
 

Property Information

• ADDRESS: 1319-1321 S 7th St
• CITY: Saint Peter
• COUNTY: Nicollet
• STATE: Minnesota
• ZIP: 56082
• PROPERTY TYPE: Multi Family Homes
• NEWLY CONSTRUCTED: No
• LISTING PRICE: $209,000.00
• OWNER FINANCING: No
• TAXES: $1298
• TAX YEAR: 2004

• STYLE: Duplex
• SQUARE FOOTAGE: 3600
• NUMBER OF LEVELS: 2
• NUMBER OF BEDROOMS: 7
• NUMBER OF BATHROOMS: 2
• PORCH: Yes
• BASEMENT: Full Size
• ATTIC: Yes
• AIR CONDITIONING: Yes
• HEAT: Gas
• GARAGE SIZE: 3 Car
• CLOSE TO SCHOOLS: Yes

Sellers Contact Information

CONTACT: Elaine

EMAIL: bizzibody2@aol.com

TELEPHONE NUMBER: 507-931-5986 CELL: 507-340-0393
 

Listing Viewed