[PENDING] Duplex - 609 6th Ave NE

Address: 609 6th Ave NE, Minot, ND 58703
Asking Price: $50k
Call or text Otto for more Details & to schedule a walkthrough: 701-337-6197

Features
-Already exceeds 1% rule with only one of two units rented.
-The lot size is very large with room to build additional structures.

Property Information
Upper Unit: 1 Bed | 0.75 Bath
Lower Unit: 2 Bed | 1 Bath
Year Built 1915 | See more details

Income Information
Upper Unit: Unoccupied
-Estimated Rate: $400/mo
Lower Unit: Occupied
-Rate: $530/mo
-Tenant pays electricity
-Month-to-Month Lease
Landlord pays: MDU & City of Minot
Tax Est: $1,562/yr

Cap-Ex Summary
Roof: Updated to architectural shingles in the last 10-15 years. Note that a leak is apparent in the upper unit on the NE-facing roof valley.
Siding: Vinyl in good condition overall.
HVAC: Two separate forced air furnace units and one gas water heater. All functional, but certainly replacement age.
Plumbing: Roto-Rooter scoped the sewer line, which was cleared to the city drop. The pipe is all in good condition, but the recommended routine root cutting is every 2-4 years.
Electrical: Two 100 amp service circuit panels. The basement panel services the lower unit and the upper panel services the upper unit.
Structure: The foundation is good, but the floor joists have settled over the years, and only DIY repairs have been made. Uneven floors are apparent in both units.
Other Notes: The upper unit has a missing balcony on the street-facing side. I would recommend matching the vinyl and boarding it up instead of building a new balcony.

Exterior

Basement (Utility)

Lower Unit

Upper Unit