Investment Property Services
Grimm Realty Group assists Investors with all of their Real Estate needs. From listing investment properties for sale to finding opportunities for you to invest in, Doug Grimm & his team are here to help you navigate the market. Below are our current investment properties For Sale. If you are curious to find out how much your investment property is worth, contact us for a free market analysis!
226 6th Ave S.
South Saint Paul
SOLD! Great Investment Property. Up/Down Duplex (Both units vacant but advertised for rent) 2br 1ba in both units.
Grimm Realty Group - Case Studies
Client-specific solutions that Grimm Realty Group has provided in the past. Every situation is unique & GRG works with each client to find the best solution possible.
Mounds View MN
2621 County Hwy 10, Mounds View, MN
Type: 50 Apartment Units, low-income housing.
About the Client: Owner-Operator with a large 1031 Exchange and needed several replacement properties.
This property accounted for 22% of the replacement gain.
Buyer client had a large gain on the sale of a large apartment complex and needed several replacement properties. Grimm Realty Group identified this property as a candidate. As a low-income housing property, it had 5 layers of public financing to work through - each with its own levels of rent covenants and restrictions including rent price restrictions and tenant income limits.
Buyer hired Grimm Realty Group to identify a replacement property that would replace as much of the Buyer’s taxable gain and defer as much tax as possible. Grimm Realty Group handled all aspects of gathering complex financial data, assisted the owner and his management team in understanding the regulatory and operating agreements associated with the public financing; Grimm Realty Group helped negotiate the transfer of a large amount of escrowed replacement reserve accounts to Buyer’s favor.
Buyer and Seller closed on the sale of this property in February and Grimm Realty Group helped Buyer’s management team form a transition plan for the property. Buyer was able to defer over $1M in tax gain as a result of buying this property.
Doug Grimm of Grimm Realty Group was great to work with on our recent purchase of a 50-unit low-income housing project. He showed great attention to detail and perseverance throughout the whole process and was instrumental in making the transaction go.
- Jim T.
722 Central Ave NE
NE Minneapolis MN
722 Central Ave NE, Minneapolis, MN
About the Client: Business Owner/Occupant
A client-family owned this 3 story, 20,000 SF warehouse for over 30 years. The property was vacant and there was a large amount of deferred maintenance. The property could not be re-rented without major remodel and mechanical upgrades. The family members (located in different parts of the country) had difficulty agreeing on how to proceed.
The Family engaged Doug with Grimm Realty Group to market and sell the property. Grimm created and executed a marketing and sale plan which included highlighting the building’s great potential for repurposing. Grimm talked with many developers and single-use businesses looking to expand. Grimm recommended removing devising walls which helped prospective buyers visual new uses of the space.
Grimm helped the Selling family agree on a path forward, brought the selling family and the Buyer together (with a cooperating broker), and found an owner-occupant buyer willing to buy the property as-is and close quickly. The marketing and sale were completed in less than six months. The new owner operates a service-oriented business from the location after a complete remodel of the building.
“Doug greatly helped our family by advising us every step of the way, from identifying priorities for the listing preparation, to negotiating the price to bringing the transaction to the finish line with the successful sale.”
- J. Mintz
Questions about listing Investment Properties For Sale?
Contact Grimm Realty Group with all of your Investment Property questions. We are happy to help through every step of the process, from strategizing the best approach to preparing the property For Sale, Doug & his team can provide you with the experience & solutions you need.