Rent report generated Dec 16, 2024
The Rent Potential of
4733 Xerxes Ave S Minneapolis, MN
is $2,295 – $2,695/mo.
Rent Advice
This single-family property in Minneapolis's Fulton neighborhood presents a promising rental opportunity. With four bedrooms and two baths, its rent potential ranges from $2,295 to $2,695 monthly. Given the local market trends, expect a payback period of approximately 15-18 years. The property's proximity to Lake Harriet and its spacious layout are unique selling points, enhancing its appeal. However, converting it into a multi-family unit could optimize rental income.
To elevate rental income, consider updating the interiors and enhancing curb appeal. Adding modern fixtures and optimizing space could attract a higher rent bracket. If selling is on the table, market the property's lake views and neighborhood amenities. Highlighting these features can justify a premium price, appealing to buyers seeking both investment and lifestyle benefits.
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