Duplex for Sale in Minneapolis?
We’ve had such a phenomenal time in 2017 in the Duplex and Triplex market. This was an amazing home that we helped get connected to the right person.
One of the best things about working in the Minneapolis region is that the demand for duplexes and triplexes has increased exponentially.
If you’re searching for a duplex to purchase in Minnesota, Minneapolis, Edina, Bloomington, and even some of the suburbs will have inventory available – but the competition has become a little bit more fierce.
Why is it that the market has continued growth? Because the job market is so incredible in Minnesota and we are one of the few states that have such a great supply of duplexes available for people.
Just as a reminder, duplexes and triplexes are one of the only investment properties that can be purchased with the same type of financing you would use for a regular home. Whether you want a traditional. Mortgage where you put Mortgage where you put 20 to 35 to 20% down, Or if you’d like to use one of the Fannie or Freddie mortgages that require five, three, or 0% down – you have options with the duplex.
This is really attractive because it means that people can purchase a duplex, become an owner occupant, and rent out the other unit. The result is that you can live for a very discounted price, allowing you to save your money or invest it.
We love to talk to you about selling your duplex in Minneapolis or St. Paul, or we can help buyers navigate the waters of choosing, making an offer, and then renting out their duplex properties.