Seller's Agent in 2024
Megan Wilson
RE/MAX
(218) 428-7528
68 in this area
377 Total Sales
Estimated Value: $678,877
Great investment opportunity! This 8 unit secure building is fully rented. There are four 1 bedroom/1 bath units and four 2 bedroom/1 bath units. Monthly rental income is $5,750 and most units are currently rented below market rent. Renters in 6 of the units pay their own electric. All utilities are included in 2 units. Renters have access to coin operated laundry in the basement. There is plenty of room for storage in the full basement as well. The roof was replaced in 2016. Siding needs some attention but there is a ton of potential to grow the value and profitability of this unit.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Yellow Birch Bark Llc | $615,000 | Cori Nolan | |
| Clearwater 1422 Llc | $503,000 | Cori Nolan | |
| Four Winds Properties Llc A Wisconsin | $503,333 | Cori Nolan | |
| Four Winds Properties Llc | $150,000 | -- |
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/22/2024 05/22/24 | Sold | $503,000 | +5.9% | $97 / Sq Ft |
| 04/11/2024 04/11/24 | Pending | -- | -- | -- |
| 04/05/2024 04/05/24 | For Sale | $475,000 | -- | $91 / Sq Ft |
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,978 | $407,000 | $11,500 | $395,500 |
| 2023 | $2,943 | $141,600 | $7,800 | $133,800 |
| 2022 | $2,974 | $141,600 | $7,800 | $133,800 |
| 2021 | $3,137 | $141,600 | $7,800 | $133,800 |
| 2020 | $3,106 | $141,600 | $7,800 | $133,800 |
| 2019 | $2,958 | $141,600 | $7,800 | $133,800 |
| 2018 | $2,949 | $141,600 | $7,800 | $133,800 |
| 2017 | $3,062 | $141,600 | $7,800 | $133,800 |
| 2016 | $3,119 | $141,600 | $7,800 | $133,800 |
| 2015 | $3,028 | $133,800 | $7,800 | $133,800 |
| 2014 | $3,028 | $141,600 | $7,800 | $133,800 |
| 2013 | $3,054 | $141,600 | $7,800 | $133,800 |
Seller's Agent in 2024
Megan Wilson
RE/MAX
(218) 428-7528
68 in this area
377 Total Sales
N
Buyer's Agent in 2024
Nick Burns
Coldwell Banker Realty - Duluth
(715) 781-1074
24 in this area
144 Total Sales
Source: Lake Superior Area REALTORS®
MLS Number: 6113001
APN: 05-805-00359-00
Ask me questions while you tour the home.