Duplexes for Sale in Bloomington MN
Scoring a Multifamily Property in the South Suburbs:
While duplexes in Bloomington aren’t as prevalent as those in the Twin Cities, there are still great properties that we come across on a regular basis. However, at the time that this is being written, the rental real estate market is hot. Many duplexes are flying in and getting snatched up within 48 hours. In some cases, properties don’t even make it as far as getting listed on the MLS. Duplex specialists and other realtors are setting up buyers and sellers to strike deals that benefit both parties.
If you’re serious about getting a duplex in Bloomington, we’d urge you to work with a duplex specialist. We call ourselves The Duplex Doctors because we focus in on multi-family properties.
Who Are The Duplex Doctors?
The #1 Buyer and Seller of Duplexes in Minnesota
The Duplex Doctors, Jason Reed and Drew Hoefler, are long-time specialists in both buying and selling duplexes in Minnesota. Jason Reed has been working in the industry since 2002, and Drew Hoefler has been building his own duplex real estate portfolio and working alongside Jason as a duplex specialist since 2012.
For five straight years, The Duplex Doctors have been buying and selling more duplexes in Minnesota than anyone else.
Our mission is to help maximize value for duplex buyers, sellers, and investors.
Bloomington’s Go-To Duplex Realtors
Most realtors focus on single family homes, and some even try to buy or sell just about any kind of property. Our team focuses mostly on duplexes and other multifamily investment properties because we know that it takes a specialist to properly navigate Minnesota’s rental real estate market. When we work with clients, our goal is for them to end up gaining the highest possible value out of their transaction. Since we have so much experience with both buying and selling duplexes, we’re able to ensure that we carefully consider everything we know about investment real estate to ensure that your investment is maximized.
We'll help you to find the right duplex, in the right neighborhood, at the right time.
Why Choose a Duplex?
If you’re looking for a duplex for sale in Bloomington, then you’re probably already aware – or at least curious – about some of the benefits that duplexes offer. Unlike single family homes, duplexes offer their owners a way to earn passive income. By living in one side and renting out the other, duplex owners are able to collect rent payments that often cover a large share of their mortgage payment. Thankfully, unlike other kinds of investment properties, duplexes are very accessible to the average person. In fact, many can be purchased with FHA loans. These kinds of properties don’t require any previous landlording experience to purchase either (at least not for owner-occupants.)
First-Time Homebuyers & Duplexes
Opportunities for first-time homebuyers are everywhere in the Twin Cities metro. We’re not mortgage lenders, and we don’t give any advice on financing, but we would certainly encourage you to explore the options presented to you as a first-time homebuyer in Minnesota. For instance, first-time homebuyers may be elgible for down payment assistance and FHA financing. In addition to this, mortgage lenders typically consider 70 – 75% of the expected rental income from a duplex as stated income when you qualify. That means, of course, that you may be able to qualify for more with a duplex.
Duplexes in Bloomington Go Fast
As of the writing of this post, the real estate market is hot. Very hot. Duplexes in Bloomington aren’t always easy to come buy. As we mentioned earlier, sellers are connecting with buyers quickly. But that’s not to say that great deals don’t exist. Even in a market like this, we’re confident that we can help you to find the property that’s right for you. We don’t want you to miss out on the right deal, so we’d encourage you to call us today so that we can help you to start your search.
Minnesota’s Duplex Specialists
Whether you’re looking to sell or buy, we’re here to help you make the transaction process as smooth as we possibly can. Since no one’s sold more Minnesota duplexes than us for the past four years, we feel that we understand the duplex market in a unique kind of way.