For Sale: Duluth MLS# 6776021
Active
NEW!
$550,000
Commercial: Apartments
Built 1893
0.11 acres
Duluth schools
MLS# 6776021
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Property Description
Own a little piece of Duluth with this rare find 5 unit apartment complex near Lake Superior boardwalk. All units are rented and the roof have been recently replaced. Three studio units, a single one bedroom and a single three bedroom. Rents total $5400/month. Owner pays utilities. Beautiful hardwoods and spacious apartments ranging from 444 sq ft to 1090 sq ft. Near the University of Minnesota Duluth and College of St. Scholastica in Duluth’s East End. The East End offers a variety of parks, restaurants, shops, and cafes. Leif Erikson Park/Duluth Rose Garden offers access to exceptional views of Lake Superior, and close proximity to Lakewalk and Downtown. Very near Chester Creek offering hikers stunning waterfall views and hiking.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$550,000
Property Type:
Commercial
City:
Duluth
Garage Spaces:
0
County:
St. Louis
Year Built:
1893
State:
MN
Property Style:
Apartments
Zip Code:
55805
Subdivision Name:
Endion Div Of Duluth
Exterior
Garage Spaces:
0
Other Parking Spaces:
0
Air Conditioning:
None
Foundation Size:
2,064 ft2
Handicap Accessible:
None
Heating System:
- Boiler
- Hot Water
- Radiator(s)
Parking Features:
On-Street Parking Only
Exterior Material:
Vinyl Siding
Lot & Land
Acres:
0.11
Geolocation:
46.801543, -92.080676
Inclusions:
Building, Land
Lot Dimensions:
50 x 100
Zoning:
- Business/Commercial
- Residential-Multi-Family
Schools
School District:
709
District Phone:
218-336-8700
Expenses
Annual Electric Expense:
$6,936
Annual Fuel Expense:
$5,568
Annual Insurance Expense:
$3,912
Annual Trash Expense:
$1,800
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$5,238
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,238
Income
Annual Gross Income:
$64,800
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
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!
Listing provided by RMLS,
courtesy of Edina Realty, Inc. - Duluth.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.