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Here are some other investment options for you, including commercial (5+ units), short term rental options, and mixed use properties. Interested in a property? Fill out this inquiry so that we can get moving on it for you!
Disclaimers: Any claims of cashflow and potential returns are examples only. We are making no claims of actual incomes or returns. You are responsible for doing your own research and due diligence and should consult with an attorney and accountant as part of that process.
The real estate market is fluid and ever changing. Some of the properties posted on here may no longer be available, so reach out to our team right away to confirm if a property you are interested in is still available. Many of these properties are on the Multiple Listing Service and photo credit goes to the listing agent providing the listing. These photos are not our own.
2138 1st Street, White Bear Lake, MN 55110
2138 1st Street, White Bear Lake, MN 55110
List Price: $300,000
Potential Cashflow: $1709/mo
Potential Cash On Cash: 24.64
Additional Information:
Short Term Rental opportunity in historic White Bear Lake Minnesota. This duplex is one block away from White Bear Lake, which is an extremely popular recreational lake in the Twin Cities metro area that offers fantastic fishing as well (bass, walleye, muskies, northern pike, and panfish). Along the lake, there is a nice walking/biking trail. Along this side of the lake, you'll also see multi-million dollar homes on the lake, making this a great spot for visitors on and around the lake to take in the great views.
In addition, you're just a few blocks from downtown White Bear Lake, which is really well known for its small-town shops, making this a great tourist destination.
The duplex has a 1 BR unit and a 2 BR unit. In this analysis, the 1 BR unit is projected as a standard rental (currently rented through June 2022 @ $1,260/mo). The 2 BR opportunity as an STR is at 20 nights/mo at $200/night. In doing research, you can see other similar units could go for $200-350/night depending on the final finish and amenities you wish to provide.
More about the home: One-of-a-kind home with amazing character. The main floor unit includes 2 bedrooms, a full bathroom, laundry/mudroom, a large kitchen, and a living room with large windows and hardwood floors throughout. The second unit located upstairs has its own entrance, 1 bedroom, 1 bathroom, living room, and large eat-in kitchen. Each unit has its own separate garage space and front porch area.
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