4241 Park Ave S: 5 bed, 2 bath, South Minneapolis - Only $184,900
The more time I spend in this neighborhood, the more I love this house. Pearl Park is right down the street and it only takes 3 minutes to get to Minnehaha Parkway. Plus, just up the street on 38th Street is the new Seward Co-op, which is having a huge positive impact on the neighborhood. Park Ave S has so many beautiful homes between Minnehaha Creek and 40th. Just one block east from the house is Chicago Ave and there is so much to do on 48th and Chicago. Two small ponds and green spaces are just down the block as well.
This house has so much potential. You could remodel the kitchen, and the house would be worth around $265,000. The basement is completely finished and is HUGE. The main level is nice and open, and the hardwood floors just got refinished - they look beautiful. Updates include: fresh paint, updated ceilings, new siding, roof, AC, furnace, and two-car garage. I want to buy it just thinking about it!!
If you want to use it as a rental you could do that too. There are 5 bedrooms and each could easily rent for $600 a month. So that is $3000 a month in rent, and your mortgage payment would only be around $1500. That is a HUGE cash on cash return. The house is coming to the market in two weeks and I expect it to be very popular.
If you want to view it before it goes to the market, hit me up. 612-423-0202 http://bit.ly/1MvA4Yl
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