In today’s Minneapolis and St Paul duplex market, the buyers willing to pay the most money are the first time home buyer owner occupants.
This group is typically looking for a duplex that is in great shape, with some updates and a tenant paying enough rent to make their portion of the mortgage and expenses less than they are currently paying to rent themselves.
While cash flow is important to them, most of the time they are looking for a property that will at least break even if they ever move out.
If you are a Minneapolis or St Paul duplex seller, it stands to reason then that you would want to make sure of three things:
If you’re thinking of selling your duplex in the spring, you may want to make improvements with owner occupants in mind over the winter. It’s the best way to ensure your duplex sells for the most money possible.