St.Paul Mn Off Market Multifamily
πŸ”₯ ST. PAUL DUPLEX – CREATIVE FINANCING OPPORTUNITY
πŸ“ 380 Larpenteur Ave E, St. Paul, MN
πŸ’° Price: $340K
🏠 Duplex | 2 bed / 1 bath each unit
πŸ“ ~1,800 sqft | Separate utilities
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πŸ’Έ CURRENT INCOME:
β€’ $3,070/month rents
β€’ + Garage + parking upside (~$400+/mo potential)
β€’ ~$3,400–$3,500/mo stabilized
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πŸ“Š EXPENSES (approx):
β€’ Taxes: ~$7K/year
β€’ Insurance: ~$1.4K/year
β€’ Water/Trash: Owner paid
πŸ‘‰ Solid in-place cash flow with upside
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πŸ”₯ TERMS (KEY VALUE HERE):
β€’ $125K down
β€’ Seller financing on remaining balance
β€’ 0–3% interest (depending on structure)
β€’ 12 months before payments begin
β€’ Then small monthly payments
β€’ 5–7 year balloon
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🧠 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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⚠️ Seller has other interest β€” prefers a serious buyer who can execute quickly.
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πŸ“¦ BONUS:
Additional 4plex available (~$520K) if looking to scale.
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πŸ“² Direct to seller
Serious buyers DM or text: 612-407-4168
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Amos Manneh
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St.Paul Mn Off Market Multifamily
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