Uptown Minneapolis Duplex for Sale
Seller’s Agent: Jason Reed
Buyer’s Agent: Jason Reed
We wanted to share yet another little victory that one of our clients had in selling the duplex in Minneapolis just east of Lake Calhoun and Lake of the Isles.
This is one of those amazing situations where they will be able to live in the beautiful uptown area and enjoy the culture for a fraction of the overall cost.
Remember that if you’re looking for a house for sale in uptown Minneapolis, we’re starting to find out that Northeast Minneapolis and Uptown are great places for duplexes to provide unique advantages over a single-family home.
If you read our blog often, you’ll probably get tired of reading the same thing over and over – duplexes can transform your financial picture.
With home prices skyrocketing, it’s important to remember that when you purchase a duplex or triplex as an owner occupant, you get to transform the rising rental costs into a beneficial factor.
People want to move to Uptown, and they love the idea of using their cash towards paying down the mortgage of an asset rather than paying rents for other people, which is why we highly recommend folks take a look at purchasing a duplex or triplex rather than renting or purchasing a single-family.
Some people have described the increasing demand in Minneapolis as a rental crisis, and we would want to emphasize that this means there is opportunity to be had by becoming a landlord.
If you purchase a duplex or triplex, you could live in one of the units and rent out the others. If you can find the right value, and get the proper rent, there’s a chance that you would not only be able to live without a mortgage payment, but you would also create positive cash flow.
This duplex that we sold was an absolute gem, and we are excited for both the seller and the buyer in this situation.
If you have a duplex that you’re looking to sell in the Uptown neighborhood, we would love an opportunity to earn your business.
The Duplex Doctors, as a team, do not dabble in any other real estate except for duplexes, triplexes, fourplexes, and investment property. We like helping people take advantage of these amazing properties that we have so many of here in Minneapolis and St. Paul. In fact, there are over 12,000 duplexes in Minneapolis alone, and the surrounding Twin Cities have over 25,000.
We are not just passionate about helping people discover the financial opportunities associated with duplex ownership, we’re also driven to maximize the value a duplex seller would have, reducing the time frame it takes to sell, and ensuring that it goes off without problems.
Working with a duplex specialist is incredibly important.
There are so many real estate agents out there, and very few of them are competent and understand what it takes to properly market and guide multi-family properties.
When you’re selling your duplex, especially in a hot market with multiple offers, you want somebody that has the negotiation skills and experience to help you navigate which offer should be accepted and how you should position the property.
We have an extensive marketing plan and a large network of duplex buyers, investors, and even duplex owners that are not actively listing their property but want to find the right buyer.
Because we’re the number one duplex real estate agents in Minneapolis, and one of the top in Minnesota, we have a large network of people that want to purchase a duplex as an owner-occupier, which means we can find great opportunities.
We Can Find You A Duplex Buyer
If you’re looking to sell your duplex, Our pool of buyers are looking for properties at various price levels and value propositions. Whether you have a property that needs lots of renovation work, or something that is ready to go out of the box, we probably have somebody looking for your type of duplex.
Remember, the real estate market, in general, has been really competitive, and the duplex market is even more so.
While a single-family home can have dozens of different offers, a duplex or triplex usually have even more – in a shorter amount of time. This happens because people are starting to understand their value.
For buyers of duplexes and triplexes, even though the values continue to rise, the increased rental rates work in your favor to lower your overall financial costs when you owner-occupy. That’s why a duplex or triplex is one of these extremely unique investments – even though the value goes up, it doesn’t impact you as much because the overall cost of ownership is reduced by the correlation between rents and home prices.
In other words, duplexes and triplexes have the unique benefit that their overall price is offset by the increased rental rates.
If you’ve been searching for a home for sale in Uptown Minneapolis, or if you like the idea finding a triplex for sale in Minneapolis Minnesota, then please connect with us through our website or give us a phone call – and we would love to have an opportunity to earn your business.
Also published on Medium.