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Pending
$485,000
/mo Edit
Commercial:  Apartments
Built 1954
0.71 acres
Duluth schools
MLS# 6517927
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    Property Description

    Amazing investment opportunity! LOCATION!! This 6 unit building has access to the Munger Trail in the backyard and is just blocks from the Spirit Mtn chalet and trail system! The property includes (5) 1 bdrm units and (1) 2 bdrm house (potential for an onsite property manager or owner occupied!). Each unit features it's own entry, kitchen area and bathroom. The house and Unit 3 arecurrently fully furnished rentals. The house basement has laundry machines and storage space. There is also a storage shed in thespacious back yard. The property offers off street parking for all tenants. The owner currently pays elec, water, sewer and trash.

    Listing

    Contingency: None
    City: Duluth
    County: St. Louis
    State: MN
    Property Style: Apartments
    Zip Code: 55807
    Subdivision Name: Nortons Fairmount Park Div Of Duluth

    Exterior

    Other Parking Spaces: 0
    Foundation Size: 1,800 ft2
    Handicap Accessible: None
    Heating System:
    • Baseboard
    • Forced Air
    • Hot Water
    Parking Features: On-Street Parking Only
    Exterior Material: Wood Siding

    Lot & Land

    Acres: 0.71
    Geolocation: 46.720351, -92.194832
    Inclusions: Building, Land, Leases
    Lot Dimensions: 255 x 120
    Zoning: Other

    Schools

    School District: 709
    District Phone: 218-336-8700

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $4,802
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $4,802

    Units

    Total Units: 6

    Miscellaneous

    Current Use: Residential
    Fuel System: Electric
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Common
    • Hot Water Common
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

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    Listing provided by RMLS, courtesy of Think Minnesota Realty LLC.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.