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Key Details
Sold Price $465,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Endion Div Of Duluth
MLS Listing ID 6516927
Sold Date 07/10/24
Year Built 1920
Annual Tax Amount $7,078
Tax Year 2024
Contingent None
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 50x97
Property Description
Centrally located in the prime East End area, this 6-unit building presents a lucrative investment opportunity for investors. Five of the six units are already rented, offering immediate income generation. With some sweat equity, the vacant unit can be upgraded to enhance its value further. The property features coin-operated laundry, ensuring additional income streams. Tenants are responsible for electric and trash, while the owner covers water, sewer, and gas expenses. Situated within walking distance to colleges, on a bus line, and close to Lake Superior, Lakewalk, and Downtown, this property boasts excellent rental potential and convenience.
Location
State MN
County St. Louis
Zoning Residential-Multi-Family,Residential-Single Family
Rooms
Basement Full, Unfinished
Interior
Heating Forced Air
Cooling None
Fireplace No
Appliance Range, Refrigerator
Exterior
Garage On-Street Parking Only
Utilities Available Electric Common, Heating Common, Hot Water Common
Roof Type Asphalt
Present Use Residential
Building
Lot Description Public Transit (w/in 6 blks)
Story Two
Foundation 4232
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Slate
Schools
School District Duluth
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