Selling 2 Duplexes in Minneapolis how do we determine a good deal

[Blake Wash]

Hi, We are in the process of selling two of our duplex properties in Minneapolis. Are there certain measurements or (industry rules) we can use to determine the minimum price we should list our properties to ensure that we receive "X" amount in return? 1% or 2% (troubled war zone) I understand many variables may impact this outcome. However, we were curious if there was a minimum % you should expect as a return. We have owned the properties for about 3 years now with a comfortable appreciation value but the tenants are a headache.

[Amber Gonion]

@Blake Wash rule of thumb is rents per month times 1.2 times 100 for suburban and high demand areas, 1.1 for less than perfect areas and those that are value add, 1 for c class areas with some rehab needed and .8 for war zones. (It does not apply to all properties, but is a general idea of where the final price will be)

Your agent should have a good grasp on how to price your properties.