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Active NEW!
$499,900
/mo Edit
Condo/Townhome:  High Rise (4+ Levels)
Built 1900
0.23 acres
Duluth schools
MLS# 6757665
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    Property Description

    This is an investors dream! this 5 plex has long term tenants and has had no vacancies for years! the previous owner had owned for more than 20 years and used the 3 stall heated and insulated garage as a workshop! This could work out nicely again if an owner wished so. The basement has the separately utilities and coin op laundry. A standard 24 hour notice or more is required for all showings. We would prefer a few set days and group showings together, Monday, Wednesday and Friday. Plus Sunday 12-4.

    Listing

    Contingency: None
    City: Duluth
    County: St. Louis
    State: MN
    Property Style: High Rise (4+ Levels)
    Zip Code: 55806
    Subdivision Name: Duluth Proper Third Div

    Exterior

    Stories: Two
    Garage Spaces: 3
    Garage Dimensions: 24x30
    Garage Size: 720 ft2
    Other Parking Spaces: 0
    Foundation Size: 3,800 ft2
    Foundation Dimensions: 24x72+13x52+32x37
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System:
    • Boiler
    • Hot Water
    Parking Features: Detached
    Road Frontage:
    • City Street
    • Paved Streets
    Exterior Material: Vinyl Siding

    Lot & Land

    Acres: 0.23
    Geolocation: 46.782886, -92.108866
    Inclusions: Building
    Lot Dimensions: 100 x 100
    Zoning: Residential-Multi-Family

    Schools

    School District: 709
    District Phone: 218-336-8700

    Expenses

    Annual Caretaker Expense: None
    Annual Fuel Expense: $2,400
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Gross Expense: None
    Annual Trash Expense: $336
    Annual Water/Sewer Expense: $3,100
    Tenant Expenses: Electricity, Other

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $6,554
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $6,554

    Income

    Annual Gross Income: $16,000

    Rent

    Annual Net Income: None

    Units

    Total Units: 5

    Miscellaneous

    Current Use: Residential
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Common
    • Heating Common
    • Hot Water Common
    Water System: City Water/Connected

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    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of RE/MAX Results.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.