2616 39th Avenue S, Minneapolis, MN 55406

Property Description

Turnkey Duplex Investment! Strong In-Place Income in Rare River-Adjacent Micro-Location! This fully renovated side-by-side duplex presents a compelling, numbers-driven investment opportunity with immediate cash flow, low capital risk, and a highly defensible location premium.Income & Financial Metrics:Unit 1 Rent: $1,495/mo on month-to-month lease.Unit 2 Rent: $1,545/mo on month-to-month lease. Total Monthly Income: $3,040.Annual Gross Income: $36,480.Key Investment Metrics (Pro Forma):GRM: 11.5.Estimated Expenses (25%): $9,120/year ($760/month).Estimated NOI: $27,360/year ($2,280/month).Estimated Cap Rate: 6.5%.Estimated Cash Flow (Before Financing):$2,280/mo.Estimated Cash Flow (With Financing ? Illustrative):25% down ~$180?$300/mo positive.30% down ~$350?$500/mo positive.40% down ~$700?$900/mo positive.These metrics position the asset competitively, offering both stability and yield.Tenant Profile:Fully leased with two A+ tenants.Immediate income continuity.Reduced vacancy risk.Capital Improvements:$30,000 invested (Q4 2025). Updated kitchens, lighting, flooring, and finishes. Hardwood floors, updated counters/backsplash, newer appliances (gas stoves).Minimal near-term capital needs.Property Configuration:Side-by-side duplex (preferred layout).Each unit: 1 bed,1 bath (750 sq ft).Separate entrances, Private basements with laundry. Alley access with off-street pluls street parking.Location ? Rare, Micro-Market Advantage:Located on a quiet, dead-end street lined with mature trees & historic homes, just one block off West River Road, this property sits in a high-demand micro-location that is exceptionally difficult to replicate.Direct access to West River Parkway and Mississippi River trails offering premier biking, walking, and outdoor lifestyle appeal.Key advantages:Dead-end street. Privacy and low traffic.Walkability to parks, transit, shopping, and restaurants.Strong tenant demand drivers.Surrounded by higher-value homes supporting long-term stability.Opportunities in this specific pocket are extremely limited, reinforcing long-term value.Investment Summary: Proven income. Attractive cap rate. Recent improvements. Strong tenants. Irreplaceable location.This property offers a balanced profile of immediate cash flow and long-term upside in a location that stands apart from typical duplex offerings!