π₯ ST. PAUL DUPLEX β CREATIVE FINANCING OPPORTUNITY
π 380 Larpenteur Ave E, St. Paul, MN
π° Price: $340K
π Duplex | 2 bed / 1 bath each unit
π ~1,800 sqft | Separate utilities
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πΈ CURRENT INCOME:
β’ $3,070/month rents
β’ + Garage + parking upside (~$400+/mo potential)
β’ ~$3,400β$3,500/mo stabilized
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π EXPENSES (approx):
β’ Taxes: ~$7K/year
β’ Insurance: ~$1.4K/year
β’ Water/Trash: Owner paid
π Solid in-place cash flow with upside
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π₯ TERMS (KEY VALUE HERE):
β’ $125K down
β’ Seller financing on remaining balance
β’ 0β3% interest (depending on structure)
β’ 12 months before payments begin
β’ Then small monthly payments
β’ 5β7 year balloon
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π§ WHY THIS WORKS:
β’ Low interest debt = strong yield
β’ Deferred payments = time to stabilize / refi
β’ No bank qualification needed
β’ Seller is motivated and flexible
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β οΈ Seller has other interest β prefers a serious buyer who can execute quickly.
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π¦ BONUS:
Additional 4plex available (~$520K) if looking to scale.
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π² Direct to seller
Serious buyers DM or text: 612-407-4168