3018 Fenwood Avenue, Unit 3018
Property Description
Two Homes, One Lot, One Investment Opportunity! Priced at $85,900, this unique property offers two separate rental residences on one residentially zoned city lot. Both homes are currently occupied by long-term tenants on month-to-month rental agreements. The charming front home, built in 1920, offers 927 square feet, 2 bedrooms, 1 full bath, and an inviting covered front porch. New roof and gutters were installed in 2023! The rear home, built in 1959, features 1,156 square feet with 2 bedrooms and 1 full bath upstairs, plus an attached garage. A partially remodeled main-level 3/4 bath is currently nonfunctional and awaits completion. Both residences would benefit from kitchen and bath updates, flooring, and fresh paint, offering an opportunity for future improvements. Effective November 2026, monthly rents will total $1,185, with tenants responsible for utilities, for a total of $14,220 in annual scheduled gross rental income. An affordable opportunity to expand your rental portfolio with established tenants and potential to add value over time. Buyer to verify elementary school assignment.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $85,900 |
| Year Built: | 1920 |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 2 |
| Number of Bathrooms: | 1 |
ID: 3yd-THAARIN-110720
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
1513 Washington Street NE
Minneapolis, Minnesota
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
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