NordHaus
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Overview
A large, multi-building apartment complex in Minneapolis, overlooking the downtown skyline.
Building/Community Amenities
- Air Conditioning / Central A/C
- Balcony / Patio / Terrace
- Bike Storage & Repair
- Business Center / Co-working Space
- Clubhouse / Resident Lounge
- Community Events
- Daycare Services
- Dishwasher
- Elevator
- EV Charging Station
- Fireplace
- Fitness Center / Gym
- Garage Parking
- Gated Community
- Heating
- High-Speed Internet / Wi-Fi
- In-Unit Laundry (Washer & Dryer)
- Kitchen Appliances
- Laundry Facilities
- Meeting / Conference Rooms
- Near Public Transportation
- On-site Management
- On-site Maintenance
- On-site Retail / Shops
- Outdoor Kitchen
- Package Service / Lockers
- Parking
- Party / Event Room
- Pet-Friendly
- Pet Spa / Washing Station
- Pool
- Private Dining Room
- Quartz Countertops
- Recycling Services
- Restaurant (On-site)
- Rooftop Deck / Terrace
- Spa / Wellness Center
- Stainless Steel Appliances
- Sustainable / Green Building
- Walk-in Closets
- Yoga / Pilates Studio
Investment Insights
Legal & Ownership
Legal & Ownership Information
Ownership Structure
Ownership Rights
Full ownership rights (Freehold)
Foreign Ownership
Foreign Ownership: There are no federal restrictions on foreign nationals buying property in the United States, making it accessible for international investors.
Tax Considerations
Property Taxes
property taxes vary by state and locality
Transfer Tax
transfer tax at purchase, ranging from 0
Inheritance Tax
Capital gains tax applies to profits from the sale of property, with rates varying between 0% and 20% depending on the duration of ownership and income level
Important Considerations
Restrictions
- Foreign Ownership: There are no federal restrictions on foreign nationals buying property in the United States, making it accessible for international investors.
Required Documents
Financing Options
Financing Options
Financing in USA
The United States offers a diverse range of property financing options for foreign buyers, making it an attractive destination for real estate investments. With loan-to-value (LTV) ratios typically ranging around 60% to 70% for non-residents, foreign investors can leverage competitive mortgage terms to secure properties. The U.S. real estate market is known for its transparency, stable legal frameworks, and potential for appreciation, drawing international buyers seeking solid investment opportunities. Understanding the variety of financing avenues, including local mortgages and developer financing, is crucial for making informed decisions in this lucrative market.
Requirements for Foreign Buyers
- 1Valid passport
- 2Proof of income (e.g., tax returns, pay stubs)
- 3Bank statements (typically 6-12 months)
- 4Credit history report
- 5Property appraisal
- 6Down payment (usually 30% or more)
- 7U.S. bank account
