Description

This triplex would be a great buy for a first time homeowner who is capable of turning a screwdriver or a real estate professional looking for cash flow. It has provided stable rental income for the last 10 years and very consistent expenses.

For a full description of the property please see www.noahbalboa.com/homeforsale

Apartment 1... Rental income = $1300.00/month 1208 sq ft.

Apartment 2... Rental income = $1200.00/month 1175 sq ft.

Apartment 3... Rental income = $770.00/month 650 sq ft

Total Rental Income: $3270.00/month
Approx Mortgage Payment: $2094.00 (including taxes and rental insurance)

Below are the adds we post when a unit is available for rental:

Apartment #1...
The lower unit just became available for March 1 in this large triplex

All Utilities are included (Heat AND Electricity, Trash, sewer, water, off-street parking)

Located in the trendy Crocus Hills neighborhood 5 blocks from Grand Avenue and Victoria Crossing

Sliding door leads to a deck and large, fenced in yard with a garden (you can plant whatever you want!)

Hardwood floors in living area and new carpeting in bedrooms

Appliances include dishwasher, garbage disposal, and refrigerator

Master bedroom has a built in dresser/armoire

3rd bedroom is small, although a twin bed can fit and is great for an office. There is a walk in closet and built in bookshelves

Living room has built in bookshelves and an ornamental fireplace

Laundry is located in basement

Flexible storage space in the basement and shed

Pets negotiable

This is a must-see!



Apartment #2...

Large, Sunny 2 Bedroom second floor Apartment $1200/mo. Available March 1.
Includes Heat, Water, Sewer, Trash, Off Street Parking

Large, quiet Victorian triplex located in trendy, Crocus Hills and Grand Avenue Area

5 Blocks from trendy St. Paul area, Victoria Crossing on Grand Avenue, William Mitchell College, and Summit Avenue. Also close to St. Thomas, Hamline, St. Catherine, Macalester, & Concordia.

Original hardwood floors, new tile in kitchen and bathroom, new carpeting in one bedroom, hardwood floors in the other.

Extra large, recently updated kitchen with new tile flooring and newer appliances including a dishwasher, oven, and refrigerator.

Don't be cooped up all year, enjoy full use of the large, private fenced in yard and deck for summer barbecues and get togethers. Plant vegetables in the garden and bask in the sun.

Flexible storage space in the shed and basement (e.g. bikes, winter stuff)

Laundry located in basement

Pets Negotiable


Apartment #3. (This has never been vacant but below is an attempt to describe it)
Sunny 1 bedroom apartment on the third floor of a Victorian Triplex. 650 square foot charmer. Hardwood floors, new windows. Current tenant has been there for over ten years.