MILL BLACKDUCK, MN 56630

Features

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Facts

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Pre-Foreclosure Info

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Sale Type

Rent-to-own homes can be purchased using a Lease Option. This means the buyer rents the home for a set period of time, sets aside a portion of monthly rent payments during this time, and then has an option to purchase the home later, using the accumulated savings toward the down payment. Rent-To-Own properties offer home ownership opportunities to those who have poor credit or can't afford the down payment. It gives buyers time to rebuild their credit and accumulate purchase credits while living in the house.

Description

The property offers a unique opportunity for investors or individuals seeking to customize a well-built home to their preferences. The double lot provides ample space, potentially increasing the property's value and offering various design options for expansion or landscaping. The existing structure's location in a quiet neighborhood enhances its appeal, with scenic views that could attract potential buyers or renters. Moreover, the pre-plumbed basement with a separate entrance presents a significant advantage, allowing for the creation of an additional rental unit, which could serve as a source of passive income. This aspect aligns with the growing trend of homeowners converting basements into apartments, a move that can offer a return on investment and increase the overall property value. Overall, this property seems to be a promising investment with several attractive features for those looking to enter the real estate market or expand their portfolio.