Pending
32 more
Presented By: RE/MAX Results - Duluth (Main)
Great investment opportunity! This 8 unit secure building is fully rented. There are four 1 bedroom/1 bath units and four 2 bedroom/1bath units. Monthly rental income is $5,750 and most units are currently rented below market rent. Renters in 6 of the units pay their own electric. All utilities are included in 2 units. Renters have access to coin operated laundry in the basement. There is plenty of room for storage in the full basement as well. The roof was replaced in 2016. Siding needs some attention but there is a ton of potential to grow the value and profitability of this unit.
Presented By: RE/MAX Results - Duluth (Main)
BasementFull, Concrete, Unfinished
Basement (Y/N)Yes
FuelNatural Gas
Street SuffixAvenue
AccessibilityNone
Additional Parcels Y/NNo
Buyer Agent Compensation2.50
Buyer Agent Compensation Type%
CitySuperior
Construction MaterialsOther
ContingencyNone
CoolingNone
CountyDouglas
Current UseResidential
Days on Market1
DirectionsFrom Belknap St, Turn North on Weeks. Property is on the right.
Garage Spaces
Gross Income69000
HeatingBoiler, Hot Water
High School DistrictSuperior
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
OwnerPaysElectricity, Fuel, Repairs, Sewer, Snow Removal, Trash Collection
PostalCitySuperior
Property SubTypeApartment
Property TypeCommercial Sale
SewerCity Sewer/Connected
Standard StatusPending
Street NameWeeks
Tax Annual Amount2943
Tax Year2023
Total Units8
UtilitiesElectric Separate
Year Built1870
Zoning DescriptionResidential-Multi-Family
Building Area Total5208
Foundation Area1852
InclusionsBuilding
Lot Dimensionsirreg
Lot Size Area0.12
Lot Size UnitsAcres
Parking FeaturesOn-Street Parking Only
Road Frontage TypeCity Street
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected
Broker MN and WI