Creative Ways to Sell a Duplex

[Hal Cranmer]

Hi,

I have a duplex that I am trying to sell in a great area of Minneapolis. It has 2 - 2BR units and the upstairs will rent for $1090. I am leaving the downstairs vacant (the current tenants will be moving out Sept. 30 and pay $1045 in rent). I am asking $189,900 which means that an owner occupant could live in this building for about $200-$300 per month if they buy it with an FHA loan. As you can see, renting is much higher than this and FHA they are only putting less than $7000 down.

I believe this is a good value because I just sold another duplex close by for $200K that rented one floor for $1245 and it went in one day to the first person who looked at it. I had another offer for $210k but it was already under contract.

Everything works in the duplex and I have had very few minor issues (no major issues) in the three years I have owned it.

I would like to advertise the fact that someone could live in this place for just $200-$300 per month. Should we put this in the MLS? What other creative strategies should I use to sell it? Any advice would be appreciated. We put it on the MLS about a week ago and had two people look at it so far but were not that interested.

Thanks.