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Multi-family:  Apartments
Built 1920
3,464 sqft
Cloquet schools
MLS# 6256415
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    Description:   You do not want to miss this rare investment opportunity!! With 5 spacious units, the possibilities are endless! Enjoy two 2 bedroom units and three 3 bedroom units, all of which showcase great natural light! Many of the units have been rented with long term tenants. The huge driveway offers plenty of parking with 6+ spots and room for more if needed. This location could not be better, you are walking distance to Common Ground Coffee Bar & Deli, Crowned Salon and 3 blocks to Pinehurst Park or a short drive to anything else you may need! Enjoy a private feel with this awesome 5-Plex on the hill.
    List Price: $329,900
    Price per sqft: $95
    Property Type: Multi-family
    Listing Status: Active
    Contingency: None
    Property Style: Apartments
    Year Built: 1920
    City: Cloquet
    County: Carlton
    State: MN
    Zip Code: 55720


    Fin Sq Ft / Living Area: 3,464 sqft
    Above Ground Living: 3,464 sqft
    Total Ranges: Five
    Total Refrigerators: Five
    Basement Details: Full, Concrete


    Heating System: Baseboard, Boiler, Hot Water
    Foundation Size: 2,250 sqft
    Road Frontage: City Street, Paved Streets, Street Lights, Storm Sewer
    Handicap Accessible: None
    Exterior Material: Vinyl Siding
    Garage Spaces: 0
    Roof Details: Asphalt


    Acres: 0.44
    Lot Description: Corner Lot, Tree Coverage - Light
    Latitude: 46.72124367
    Longitude: -92.46408159
    Lot Size Dim.: 120x160
    Zoning: Residential-Multi-Family


    School District: 94
    District Phone: 218-879-6721


    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: $4,368
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Gross Expense: $7,848
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $3,480
    Tenant Expenses: Electricity, Trash Collection

    Financial & Taxes

    Tax Year: 2022
    Annual Taxes: $4,600
    Assessment Pending: Yes
    Taxes w/ Assessments: $4,855


    Annual Gross Income: $44,700


    Total Units: 4


    Fuel System: Electric, Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

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    Local Home Mortgage Professionals

    Jeff Zajac
    Area Sales Manager
    Trustone Home Mortgage
    Jeff Zajac joined the Trustone Home Mortgage team in 2014. With more than 10 years experience in the mortgage industry, Jeff is an expert in VA, FHA, conventional and construction loans. Jeff was one of the top five producers in the state of Minnesota in 2013. Jeff holds a bachelor's degree in economics and business administration from Augsburg College and participates in the Real Estate Investment Professionals business networking group. In his free time, Jeff spends his days as a youth hockey referee and coach.

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