Great investment opportunity! This 8 unit secure building is fully rented. There are four 1 bedroom/1 bath units and four 2 bedroom/1 bath 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.
Sold for $503,000
Zillow last checked:
Listing updated:
Bought with:
Nick Burns, MN 40624774 | WI 90747-94
Coldwell Banker Realty - Duluth
Source: Lake Superior Area Realtors as distributed by MLS GRID,MLS#: 6113001
Price history
| Date | Event | Price |
|---|---|---|
| 5/22/2024 | Sold | $503,000+5.9%$97/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #6113001 Report a problem | ||
| 4/12/2024 | Pending sale | $475,000$91/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6113001 Report a problem | ||
| 4/11/2024 | Listed for sale | $475,000$91/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6113001 Report a problem | ||
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Estimated market value
$520,200
