Property Listing
Description
Incredible Investment Opportunity with Assumable 2.25% Mortgage! This charming, fully updated up/down duplex offers both immediate cash flow and long-term upside—perfect for savvy investors. Take advantage of an ultra-low assumable mortgage rate (for qualified buyers) and save hundreds each month on interest while your tenants cover the mortgage. The property features two spacious, sun-filled units, each with 3 bedrooms, 1 bathroom, large kitchens, formal dining rooms, walk-in closets, mudrooms, in-unit laundry, and ample storage. Both units have been tastefully updated while preserving vintage charm, and offer private outdoor space surrounded by mature landscaping. With layouts that live like a single-family home, this duplex attracts high-quality tenants and commands strong rents. Currently generating $4,645/month in gross rental income, the lower unit rents for $2,495 and will be available July 1, providing owner-occupant flexibility or the chance to increase rents. The upper unit is rented at $2,150/month through August 1, with no intent to vacate. The landlord pays all utilities except electric and internet, keeping overhead predictable and manageable. For investors seeking added value, the dry, clean basement with full-height ceilings offers potential to expand the lower unit by adding bedrooms and bathrooms. The oversized detached garage (currently used for storage) also presents an opportunity to convert into an ADU, further increasing income. Located in a quiet, high-end residential pocket across from Theo Wirth Parkway, with quick access to downtown, bike trails, and major highways—this is a wonderful Bryn-Mawr neighborhood with strong appreciation potential.
Property Information
Status: Active
Sub Type: ********
List Price: $639,900
MLS#: 6711073
Current Price: $639,900
Address: 319 Vincent Avenue N, Minneapolis, MN 55405
City: Minneapolis
State: MN
Postal Code: 55405
Geo Lat: 44.980235
Geo Lon: -93.316335
Subdivision: Bryn - Mawr
County: Hennepin
Property Description
Year Built: 1914
Lot Size SqFt: 7405.2
Gen Tax: 8762.92
Specials Inst: 0
High School: ********
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Total SqFt.: 4581
Style: Array
Total Bedrooms: 6
Total Bathrooms: 2
Total Full Baths:
Garage Type:
Garage Stalls: 2
Waterfront:
Property Features
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Inclusions: ********
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