Sell rental that generates 4.5% in Minneapolis to buy better...

[Puja Shah]

Will the cost of agent fees, listing, closing cost etc make it a pointless excercise.

It’s a fully paid 270k condo that generates 1750$/month and has a 500$ association fee. 
great neighborhood around losing park in Minneapolis. Could probably make the rent 1850.

Should I sell and buy a better rental property which generates better i returns? Any thoughts or tips appreciated. 

[LeAnn Riley]

That's the point of leverage and using Other People's Money. This is why real estate investing is so magnificent. The use of borrowed funds to increase purchasing power. Leverage changes the rate of investor return on equity. Selling will be a better utilization to grow your portfolio, regardless of fees. The issue in Covid-19 today...is the mortgage lending is tightening. So it depends on your personal situation as far as borrowing power to maximize your proceeds into duplexes or more. 

I'd be happy to discuss in detail with a strategy session. I'm local and investor specific Realtor.