Courtesy of: Yuliana Erazo Hidalgo, Real Broker LLC, yulianarealtorstl@gmail.com
Courtesy of: Yuliana Erazo Hidalgo, Real Broker LLC, yulianarealtorstl@gmail.com
$249,900
|
4 bed
|
|
2,104 square feet
|
|
2.00 Bath (2 Full)
|
|
Lot: 0.10 Acres
|
|
Other
|
$249,900
3537 Minnesota Avenue Excellent investment opportunity! This fully leased duplex offers an estimated 9.32% cap rate based on current rental income and 8% Vacancy rate and reported operating expenses. Each unit features 2 bedrooms and 1 full bathroom, with a 2-car garage providing additional convenience. Both units have access to the basement via a rear staircase, where laundry hookups are available for tenant-provided washers and dryers. Notable improvements include separate heating and cooling systems installed in 2016, water heaters replaced in 2026, updated electrical panels, PVC plumbing, and select vinyl replacement windows. Both units are currently occupied, with leases extending through February 2027 and the other unit in a Month to Month term, providing established rental income. Tenants pay their own gas and electricity, while the landlord pays water, sewer and trash. An attractive addition to an investment portfolio with existing tenants, updated mechanical systems, and an established rental history. Schedule your showing today!
Courtesy of: Yuliana Erazo Hidalgo, Real Broker LLC, yulianarealtorstl@gmail.com
Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.