1431 1st St Se, Minot, ND 58701-5759

$159,000
5
BD
3
BA
1,705
SqFt
Sold Price
$159,000
List Price
$174,900
Closing Date
May 15, 2020
Status
SOLD-IN HOUSE
MLS#
200552
Bedrooms
5
Bathrooms
3
Living Area
1,705
Lot Size (Acres)
0.19
Year Built
1952

Property Description

THIS MAKES "DOLLARS" AND "SENSE"!! If you're looking to build wealth through real estate and also reduce or eliminate your housing expense, here is a place to start. This well maintained property, in a nice residential neighborhood in south Minot, offers the opportunity to live in one unit and rent the other two units to pay your mortgage. Take advantage of the benefits of owner occupied financing that includes a minimum down payment and the ability to lock-in to today's crazy low interest rates. When the time comes for a bigger house, you'll have a triplex in your real estate portfolio with an unbeatable financing package in place. When you look back on this financial move, it will put a smile on your face :-) MAIN FLOOR: The main floor unit includes 2 bedrooms, bathroom, living room, kitchen/dining with authentic hardwood floors and kitchen appliances. UPSTAIRS: The upstairs unit includes 2 bedrooms, bathroom, living room, and kitchen/dining. Kitchen appliances are included and as an added bonus this unit is equipped with its very own washer & dryer. BASEMENT: The basement unit includes 1 bedroom, bathroom and a large open kitchen/dining area. The basement and main floor units share the washer and dryer that are located in the lower level. GARAGE: The 20x22 detached garage features auto openers and can be assigned to whichever unit or units the owner wishes. YARD: The property is nicely landscaped and includes ornamental shrubs/perennials, a big backyard with some perimeter fencing, and a garden plot. UPDATES: Many improvements have been made to the property over the past several years including siding & windows, concrete, shingles, gable roof on the garage, electric breaker panel, appliances, etc. RENT RECEIVABLE: $1,710 monthly. The owners have done an excellent job of maintaining the property and addressing any issues that arise in a timely manner making this property a rock solid investment.

Additional Information

Area
Se
Taxes
$2,720.17
Garage Spaces
2
Garage Description
Opener, Lights
Exterior Features
Fence, Deck
Heating
Forced Air, Natural Gas, Electric
Cooling
No
Water
City
Sewer
City
School District
Minot #1

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of BROKERS 12, INC.. Selling Office: .