2116 W 2nd ST Pending Save Request In-Person Tour Request Virtual Tour
Duluth,MN 55806
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Pending
Purchase Type For Sale
Square Footage 4,352 sqft
Price per Sqft $53
Subdivision Duluth Proper Second Div
MLS Listing ID 6652665
Year Built 1900
Annual Tax Amount $3,735
Tax Year 2024
Contingent None
Lot Size 10,018 Sqft
Acres 0.23
Lot Dimensions 188x60
Property Description
Knock knock! Opportunity knocks in the rare Investment opportunity with this unique Commercial & Multi-Family property in a thriving Duluth Market! Seize the rare and lucrative investment in the heart of Duluth's craft district. It's not often you can buy two buildings for the price of one that has a potential GRI of over $60,000! This would be a versatile addition to any investors portfolio. The two buildings are connected through a rock-solid adjoining basement that has a distinct vault room, tall ceilings and endless possibilities! The commercial building can provide immediate cash flow as it's occupied by a long-term tenant who'd love to stay! The heated garage was built in 1997, and the roofs were last redone in 2014 ensuring long-term durability. The triplex boiler is 10 years old (currently off/winterized) but feature mostly new boiler and plumbing lines, as well as much of the electrical has been updated and upgraded throughout!! The main level triplex 2 BR apartment (owner occupied) is nearly ready to be rented while you creatively design and complete the upper two units just waiting for your finishing. This property presents a tremendous opportunity for a savvy investor or entrepreneur looking to capitalize on Duluth's growing market!
Location
State MN
County St. Louis
Rooms
Basement Block,Full
Interior
Heating Boiler,Other
Fireplace No
Exterior
Garage Spaces 2.0
Roof Type Flat,Rubber
Building
Story Two
Foundation 4352
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Other,Wood Siding
New Construction false
Schools
School District Duluth