Maple Grove 4/2 with an easy 10%+ CAP rate... unbelievable value!
UNDER CONTRACT - 4/2, 1552 sq feet, 2 car garage
built in 1976
Needs paint and carpet throughout.
This deal has a certain urgency. If I lose the lock-up due to a lack of earnest money this property is subject to a call for highest and best. Based on the trends for this sort of property in this area for the last couple months, a highest and best contest will result in the property being sold for up to $40k higher than its advertised list price of $155.6k. I have it locked up for $115.9.
Red-hot Maple Grove, MN! Ranked in the top 25 places to live in the nation by CNN Money!
"'These terrific small cities offer strong job opportunities, great schools, low crime, quality health care, and a true sense of community,' CNNMoney said."
Minutes to parks and shopping, easy freeway access.
Your price: $115,900
Wholesale: $10k
Rehab: $5-10k (basic cosmetic)
NET ANNUAL RENTAL INCOME: $13-16k. CAP rates from 10% to 15%!!!
FNMA home, asking 14.4% EMD ($16,750) and close by 3/28... cash buyers only.
UNDER CONTRACT - 4/2, 1552 sq feet, 2 car garage
built in 1976
Needs paint and carpet throughout.
This deal has a certain urgency. If I lose the lock-up due to a lack of earnest money this property is subject to a call for highest and best. Based on the trends for this sort of property in this area for the last couple months, a highest and best contest will result in the property being sold for up to $40k higher than its advertised list price of $155.6k. I have it locked up for $115.9.
Red-hot Maple Grove, MN! Ranked in the top 25 places to live in the nation by CNN Money!
http://www.bizjournals.com/twincities/news/2012/08/20/five-mn-cities-bes...
"'These terrific small cities offer strong job opportunities, great schools, low crime, quality health care, and a true sense of community,' CNNMoney said."
Minutes to parks and shopping, easy freeway access.
Your price: $115,900
Wholesale: $10k
Rehab: $5-10k (basic cosmetic)
NET ANNUAL RENTAL INCOME: $13-16k. CAP rates from 10% to 15%!!!
FNMA home, asking 14.4% EMD ($16,750) and close by 3/28... cash buyers only.
Email jared@jteamrealestate.com or call 651-278-2037