For Sale: Duluth MLS# 6824616
Pending
NEW!
$250,000
Multi-family: Triplex
5 br • 3 ba • Built 1884
2,250 sqft • 0.08 acres
MLS# 6824616
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
Cash flowing triplex. Full occupancy, great location close to downtown. 2 BR's, 1 bath in the middle and upper unit. 1BR in the lower unit. Middle unit has a large pantry that is big enough for a 3rd bedroom. Water Heater was new in 2021. The upper unit has a deck off the back and the middle unit has a front porch. The lower unit has a front sitting area as well. Tenants pay electric. Up the hill a bit so some views of the lake and harbor area. Rents total $41, 400 per year - Upper unit $1, 200, Middle unit $1, 300 and Lower unit is $950/month. Total 2024 expenses = $15, 481. Don't miss this great investment opportunity or great for an owner occupant. Financials listed are for the current tenants moving forward. See supplements for previous years P/L - lots of deferred maintenance completed on the building in this owners tenure. 1 water heater for lower level unit and 1 for the middle and upper units. 1 forced air furnace and lower level unit has a supplemental source. No laundry on site. Unit 1 & 2 pay electric, unit 3 is on the house meter. Tenants handle snow removal. Owner handles lawn.
Listing
Listing Status:
Pending
Contingency:
None
List Price:
$250,000
Price per sq ft:
$111
Property Type:
Multi-family
City:
Duluth
Garage Spaces:
0
County:
St. Louis
Year Built:
1884
State:
MN
Property Style:
Triplex
Zip Code:
55805
Subdivision Name:
Duluth Proper 1st Div East 6th Street
Interior
Bedrooms:
5
Bathrooms:
3
Finished Area:
2,250 ft2
Living Area:
2,250 ft2
Refrigerators:
Three
Basement Details:
- Egress Window(s)
- Finished
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
920 ft2
Foundation Dimensions:
46x20
Fencing:
None
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Road Frontage:
City Street
Roof Details:
- Age Over 8 Years
- Asphalt
Lot & Land
Acres:
0.08
Geolocation:
46.793148, -92.102422
Lot Dimensions:
25 x 140 x 25 x 140
Zoning:
Residential-Multi-Family
Lot Description:
- Corner Lot
- Tree Coverage - Light
Schools
School District:
2223
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:
$3,528
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$3,528
Income
Annual Gross Income:
$41,400
Rent
Annual Net Income:
$25,919
Units
Total Units:
3
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
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 RE/MAX Advantage Plus.
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.