30435 Elm Street, Lindstrom, MN 55045

4 BR / 2 BA Home For Sale in Lindstrom, MN - $164,900



Price: $164,900 Bed/Baths: 4/2 Sq. Ft.: 1700
Year Built: 1969

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30435 Elm Street, Lindstrom, MN




Property Details for
30435 Elm Street, Lindstrom, MN
Status: Active
Home Features 1700 sq. ft.
 •Single Family  •Bedrooms: 4  •Bathrooms: 2
 •Fireplaces: 1

Property features
 • Yard
Purchase this solid 3-4 bedroom home in a great location in downtown Lindstorm, MN. Buy direct from the owner/agent and save. For new investors, this is a great opportunity to get involved in real estate investing. The main level has an entry foyer, kitchen, dining room, living room, a full bathroom, and two bedrooms. There is a wood-burning fireplace in the living room (use of fireplace prohibited for renters) and a covered deck, also off of the living room. The property is enhanced by an oversized attached one car garage which is currently used by the owner for storage. This property is currently set up with a "mother-in-law" apartment in the basement. Live on one level and rent out the other level to reduce your monthly payments. With the upstairs and downstairs both rented, this property currently delivers $1390 per month of gross rental income. Property is available for sale as a cash purchase, with conventional financing, or as a "rent-to-own." A rent-to-own agreement requires at least 10% down.\r\rHere is an example of the information that we provide to prospective tenants:\rRent the lower level (1 bedroom plus 2nd walkthrough bedroom/den) of this home. Lower level rent starts at $600/month. The lower level has been remodeled recently, including additional radiant baseboard heat, a separate water heater, additional lighting, and other updates. This lower level "mother-in-law" style apartment has a separate outside entrance, two bedrooms (one is a walk-through), large living room, galley-style kitchen with a separate dining area, and a large storage room. There is also a separate laundry room with your own washer and dryer. Outside the walkout lower level, there is a covered patio overlooking the private backyard. Utilities are paid by the tenant on a "budget plan" at a rate of $150 per month. Lawn care is included in the rent, but snow removal is the responsibility of the tenant. This property is not section 8 certified.\r\rTenants must be non-smoking, and should expect to pay a monthly utility bill of $150 per month. A security deposit of at least $1000 is required. Pets are not permitted. This home in a quiet location in Lindstrom within walking distance of bakery, coffee shop, butcher shop, dairy queen, etc. Mike Chance is the owner of this property, and a licensed real estate broker in the state of Minnesota.
Mike Chance
The Property Shop
Website: http://www.propportunities.com

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