$304,500

2 Baths   Condo
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1st Ave Ne Unit F1704
Minneapolis, MN 55413

Potential Profit

$313,500

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Status: Active
Listing ID: 57739566

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Potential Home Value

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Current Value
$304,500
Potential Value
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Short Sale

Short sale properties represent tremendous opportunity to you as a buyer because they are aggressively priced to sell well below or just at fair market value. Existing homeowners are typically distressed and eager to sell for less than what is owed on their mortgages. They are "underwater" and either can no longer afford their mortgage payments or are simply unwilling to continue to make them for various reasons.

First Steps to Buying a Short Sale

Short sales often present opportunities for real estate investors to purchase property at below market prices. A short sale occurs when the mortgage lender on a property agrees to give a release for less than the amount owed on the loan. This usually occurs when the loan on the property becomes delinquent and is headed toward foreclosure. An alert property owner who knows he is facing foreclosure is well advised to keep an open line of communication with his lender. And the lender is well advised to keep an open mind to the consequences of a loan default and the benefits of agreeing to a short sale. When the lender and property owner can agree on a short sale price, the owner can advertise that the property is a short sale and can list it accordingly. Such listings attract a lot of attention and can expedite the sale of the property.

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Rental Value

The estimated rental value for 1st Ave Ne Unit F1704 located in Minneapolis, MN is $2,460/month. Comparable homes around 1st Ave Ne Unit F1704 that are rentals have monthly ranges starting as low as $2,090 per month and as high as $2,830 per month. An owner looking to use this property as an investment could bring a return in the area of $2,090 - $2,830 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.


Minneapolis, MN
Home Inspectors
Devine Inspections
Todd A Devine
612-978-1650
Homeview Inspections
Jim Carlson
612-377-5161
WIN Home Inspection - SW Minneapolis/Mtka
John S. McGrath
612-381-0023
Structure Tech Home Inspections
George Ury
952-334-7980
Minnesota Home Inspectors LLC
Kenneth Rowe
651-489-4633
Homes On This Street
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1st Ave Ne Unit F1704
Minneapolis, MN 55413

2 Baths   Condo

$304,500

Status: Active Listing ID: 57739566

Property Information

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Public Records

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Property Description

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Listing URL

https://static.foreclosure.com/listing/address.html?address=1st-Ave-Ne-Unit-F1704-Minneapolis-MN-55413/57739566_lid

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