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Active NEW!
$265,000
/mo Edit
Multi-family:  Duplex Up and Down
4 br • 2 ba • Built 1883
1,562 sqft • 0.08 acres
Duluth schools
MLS# 7028930
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    Property Description

    How about 3 lots for the price of 1. This duplex was recently rented for $1, 200 (Upper Unit) & $1, 300 (Lower Unit). Next cycle would be $1, 300 each unit. Good cash flowing property with 3 PID's. Perhaps the city would allow you to build a three tiered row house with a zero lot line. Great location for this income producing duplex. Good views of Lake Superior and the bay. Backyard and side yard available for use. Tenants pay for utilities electric, heat and garbage. Hot water heater is 2019. Off street parking for 2 vehicles. Both units currently vacant & ready to rent.

    Listing

    Contingency: None
    Price per sq ft: $170
    City: Duluth
    County: St. Louis
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55806
    Subdivision Name: Duluth Proper Third Div

    Interior

    Living Area: 1,562 ft2
    Refrigerators: Two
    Basement Details: Full

    Exterior

    Stories: Two
    Garage Spaces: 0
    Foundation Size: 781 ft2
    Foundation Dimensions: 36x22
    Fencing: None
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Road Frontage: City Street
    Exterior Material: Stone
    Roof Details: Age Over 8 Years

    Lot & Land

    Acres: 0.08
    Geolocation: 46.784352, -92.110028
    Lot Dimensions: 50 x 150 x 50 x 150
    Zoning: Residential-Multi-Family
    Lot Description: Tree Coverage - Light

    Schools

    School District: 709
    District Phone: 2183368700

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: Cable TV, Electricity, Telephone

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $2,612
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $2,612

    Income

    Annual Gross Income: $31,200

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    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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    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.