$340,000
3564 142nd Ln NW, Andover, MN 55304
Current Rent **
$2,150
Projected Rent **
$2,795
Estimated Rent †
Estimated Rent Confidence ‡
Low
Turn-Key SFR in HIGH Desire Upper-Midwest Andover, MN - Retirement "special"
Photos don't lie, and these were taken on a smart phone....
Landlord is "retiring out" and ready to let this Turn-Key leased unit pass onto next landlords.
Tenant's in lease thru 5/25, wildly UNDER market rent price. $2,795 is not pie in the sky, if anything it's conservative for this up-market unit.
Sellers have taken exceptional care. Newer roof, HVAC, water heater, appliances, flooring....
It's in central Andover, MN which is uber-high desirability.
OFF-MARKET.
Flip potential as Zillow pegging at $400k is very retail price attainable.
Possible seller terms with MINIMUM 20% down, NO sub-to or other hokum just legit C4D possible.
Sellers may elect 1031 if/when a standard purchase made.
DO NOT CONTACT TENANTS! Respect privacy please.
This IS under agency contract so don't waste the time to attempt a work-around, we have a legal department/team and are not afraid to use em.
Purchase price is written in stone, no consideration a penny under $340k. This is an already discounted price for the under-leased stance for the remainder of tenancy.
Contact to discuss further.
Location:
3564 142nd Ln NW, Andover, MN 55304
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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.
** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
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