Aldrich est. 1905 #duplexmanifesto
3417 is a rare opportunity. A change in circumstances for the current duplex owner becomes the good fortune for a young investor. Built in 1905, the owners of this uptown abode have completed the major lifting to ensure this building maintains its form for many years.
Rarities in the multi unit landscape- complete new window installation throughout, full basement drain tile and separate private laundry for each unit as well as a generous two car garage and fenced greenspace.
Revenue generation grosses 27,600 annually, creating a terrific fiscal performer for an investor or owner occupant.
Maple Hardwoods throughout the building are fully restored to beyond their original glory. Main floor unit is spacious with terrific flow and natural light. Kitchens and bathrooms are a direct reflection on the management risk with any building. In this case that risk is minimal as all have been addressed to an above average feel and function. The main floor bedroom offers a rare walk-in and great south facing light.
Upper unit is cozy farmhouse-chic with maple throughout, awesome large bay window, and complete with eat in kitchen, storage aplenty and rear porch and sun deck for downtown views.
This building won't last long as multi unit inventories are reaching all time lows. Rent performance is sound as is and can be improved based on the eagerness of the buyer. Call us for a walk-through or a general discussion on all things #duplexmanifesto. We would love to discuss the merits of real estate investing in Minneapolis