1598 E Shore Drive
Property Description
Rare opportunity to own a renovated Lake Phalen duplex with established rental income and tenants already in place! Enjoy beautiful lakeside views from the spacious deck and charming front porch, all just steps from Lake Phalen's walking and biking trails, beaches, golf course, and recreation. The property offers generous living spaces, large bedrooms, multiple kitchens, separate entrances, laundry, ample storage, and a large 3-car garage. Leases are currently in place through May 31, 2027, providing immediate income for the next owner. Sellers are motivated and willing to contribute up to $15,000 toward buyer closing costs with an acceptable offer. An excellent opportunity for an investor looking for a well-located, income-producing property with long-term potential!
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $600,000 |
| Year Built: | 1900 |
| Lot Size: | 4,120.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 6 |
| Number of Bathrooms: | 3 |
ID: 3yd-RMLSMN-7147699
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
3101 Olivia Court
Jonesboro, Arkansas
207 S Main Street
Louisiana, Missouri
207 S 5th Street
Louisiana, MissouriBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout