Friday, July 25, 2014

Investment opportunity in Spring Lake Park!

Investment opportunity in Spring Lake Park!

Ever thought about investing in Real Estate but didn't know where to start? We can help walk you through the steps, from acquiring financing, analyzing properties for cash flow potential to remodeling to flip to acquiring tenants and help managing the property. Contact me if you would like more information on investing or would like to take a look at this property.

Here we have a 2 bed / 3 bath foreclosed townhome on the market for $134,900. Its a unique unit that has a finished lower level with wet bar and whirlpool tub, large sq footage, over 1700 sq ft. It had an offer on it, but financing fell through. It will not be on the market for long.

Repairs : $3500
After Repair Value : $155,000
Rents : $1300-1400
Total payment w/ association fee (20% down) : $888
Monthly cash flow : $400-500
17% annual return on investment!

Link to property listing : 

http://www.realtyconnectmn.com/real-estate/Greater-Minnesota/Residential/property/4482540-8194-Middletown-Road-Spring-Lake-Park-MN-55432/

Realty Connect
763-447-3151
3169 Fernbrook Lane N
Plymouth, MN 55447

8194 Middletown Road, Spring Lake Park, MN 55432 - MLS# 4482540

$134,900

  • 2
    beds
  • 2+1½
    baths
  • 0
    acres
  • 1,725
    sq ft
Adorable unit with 2 BR's, loft with walk thru closet to mstr br on upper level. Lower level has a wet bar, large family room and 3/4 bath with whirlpool tub. Main flr laundry. New flooring thru out as well as freshly painted. Convenient location.

General Features

  • Acres: 0.000
  • Foreclosure Status: No
  • Lender Owned: Yes
  • Lot Dimensions: COMMON
  • Status: Active
  • Year Built: 1994

Exterior Features

  • Exterior: Vinyl
  • Parking Characteristics: Tuckunder,On-Street Parking Only
  • Road Frontage: Cul De Sac
  • Pasture Acres: 0.000
  • Tillable Acres: 0.000
  • Wooded Acres: 0.000

Interior Features

  • Basement: Full,Finished (Livable),Drain Tiled,Sump Pump,Egress Windows
  • Bath Description: Main Floor 1/2 Bath,3/4 Basement,Basement,Whirlpool
  • Bath - Full: 2
  • Bath - Half: 1
  • Bath - Total: 3
  • Bedrooms: 2
  • Dining Room Description:Kitchen/Dining Room
  • Total Finished Square Feet: 1725
  • Living Room Dimensions: 15 x 13
  • Dining Room Dimensions: 15 x 13
  • Family Room Dimensions: 25x13
  • Kitchen Dimensions: 9 x 9
  • Bedroom 1 Dimensions: 13 x 12
  • Bedroom 2 Dimensions: 12 x 10
  • Extra Room 1 Dimensions: 9x14
  • Family Room Characterist: Family Room
  • Living Room Level: Main
  • Dining Room Level: Main
  • Family Room Level: Lower
  • Kitchen Level: Main
  • Bedroom 1 Level: Upper
  • Bedroom 2 Level: Upper
  • Extra Room 1 Level: Upper
  • Room Type: Living Room,Dining Room,Family Room,Kitchen,First (1st) Bedroom,Second (2nd) Bedroom,Third (3rd) Bedroom,Fourth (4th) Bedroom
  • Extra Room 1 Description: Loft
  • Style: (TH) Side x Side
  • Table: listing_rmls_resi

Utilities Features

  • Air Conditioning: Central
  • Fuel: Natural Gas
  • Handicap Accessible: None
  • Has Supplements: 1
  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Water: City Water/Connected

Financial Features

  • ApplicationFee: 0.00
  • Association Fee YN: 1
  • Association Fee: 175.00
  • Association Fee Includes:Sanitation,Snow/Lawn Care,Outside Maintenance,Hazard Insurance,Water/Sewer
  • Fee Frequency: Monthly
  • Security Deposit: 0.00
  • Above Ground Finished Sq: 1350
  • Below Ground Finished Sq: 375
  • Tax Amount: 1771
  • Tax With Assessments: 1787.00
  • Tax Year: 2013

Community Features

  • Municipality: Spring Lake Park
  • County: Anoka
  • Complex/Development/Subd:MIDDLETOWN TOWNHOMES

School Features

  • School District: 16 - Spring Lake Park
  • School District Phone: 763-786-5570

Misc Features

  • Amenities - Unit: Patio,Skylight,Vaulted Ceiling(s),Washer/Dryer Hookup
  • Common Wall: 1
  • Association Company Name: Personal Touch
  • Construction Status: Previously Owned
  • Foundation Size: 650
  • Homestead: No
  • Garage Stalls: 2
  • Other Parking Spaces: 2
  • Potential Short Sale: No
  • Restrictions/Covenants: Pets-Cats Allowed,Pets-Dogs Allowed,Rental Restrictions May Apply,Mandatory Owners Assoc
  • Zoning: Residential-Single
The listing information for 8194 Middletown Road, Spring Lake Park, MN 55432 was graciously provided by our friends at the listing brokerage, RE/MAX Synergy
Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on Realty Connect's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. Realty Connect, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
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Last Updated 07/25/2014