$125,000
SOLD SEP 3, 2024

512 8th St S Virginia, MN 55792

6 Beds
3 Baths
1,892 Sq Ft
6,098 Sq Ft Lot

Recently Sold

$66 Per Sq Ft

6% Below List Price

12 Days on Market

Highlights

  • Garage Apartment
  • No HOA
  • 2 Car Detached Garage
  • Rock Ridge High School Rated 10

About This Home

As of September 2024

Exceptional three unit investment opportunity in Virginia! This property includes a large, well-maintained duplex and a detached, 2-stall heated garage, with a great 2-bedroom, 1-bathroom apartment above! The duplex features two, 2-bedroom, 1-full bathroom units, both with 3 season porches to expand the living area! Spacious bedrooms, open concept kitchens, beautiful hardwood floors, and a new roof in 2022. This duplex is fully occupied and ready for its new owner. Electric is separately metered. The garage apartment has all separate utilities, updated electric, and is currently vacant, allowing a new owner-occupant to save massively on living expenses! All of this on a great lot, with a full basement, newer gas boilers and water heaters as well as additional off-street parking from the alley. Enjoy economies of scale with these 3 units and increase your portfolios cashflow today!

Last Agent to Sell the Property

Nick Burns

Coldwell Banker Realty - Duluth Listed on: 06/27/2024

Last Buyer's Agent

Chad Watczak

Edina Realty, Inc. - Duluth

Edina Realty, Inc. - Duluth

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,872

Year Built

  • Built in 1910

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50 x 120

Parking

  • 2 Car Detached Garage
  • Garage Apartment
  • Heated Garage
  • Insulated Garage
  • Bathroom In Garage

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Metal Siding

Interior Spaces

  • 1,892 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Stone Basement

Utilities

  • Heating System Uses Natural Gas
  • Radiant Heating System

Community Details

  • No Home Owners Association
  • 3 Units

Listing and Financial Details

  • Tenant pays for electric, fuel, sewer, trash, water
  • Assessor Parcel Number 090-0030-07760

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,872

Year Built

Built in 1910

Lot Details

0

Parking

2

Listing Details

  • Class: MULTI-FAMILY
  • Directions: from downtown Virginia, Head west on Chestnut St toward S 4th Ave W, Turn left at the 1st cross street onto S 4th Ave W, Turn right onto 7th St S, Turn left onto South 6th Ave W, turn left on 8th St S, property on right. Garage and off street parking in back from alley.
  • L O1 Office Phone1 Number: 218-728-5161
  • List Price/ Sq Ft: 66.07
  • Tax Year: 2025
  • Lot Description Waterfront: No
  • CondoPropertyType: Multiple Buildings
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1892
  • Garage Type: Detached
  • Heat: Radiant, Natural Gas
  • Parking Number Garage Spaces: 2
  • Reso Roof: Asphalt Shingles
  • TotalBedrooms: 6
  • MediaType: Multi-Family
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Material: Rock
  • Basement Style: Full
  • Stories: 2 Story
  • Total Bathrooms: 3
  • Total Fin Square Footage: 1892

Exterior Features

  • Construction Status: Previously Owned
  • Exterior: Metal

Garage/Parking

  • Garage Features: Apartment, Bedroom, Bathroom, Electrical Service, Heat, Insultation, Plumbing

Utilities

  • Power Company: Virginia Public Utilities
  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • Association Fee: No

Association/Amenities

  • AmenitiesFireplace1: No

Schools

  • School District: Virginia #706
  • Junior High Dist: Virginia #706

Lot Info

  • Geo Update Timestamp: 2024-06-28
  • Estimated Lot Dimensions: 50 x 120
  • Estimated Number of Acres: 0.14
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 090-0030-07760

Rental Info

  • Tenant Expense: Electric, Fuel, Sewer, Trash, Water

Tax Info

  • Tax Amount: 2872

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/08/2024 10/08/24 Off Market $1,100 -- --
09/11/2024 09/11/24 For Rent $1,100 0.0% --
09/03/2024 09/03/24 Sold $125,000 -5.9% $66 / Sq Ft
07/09/2024 07/09/24 Pending -- -- --
06/27/2024 06/27/24 For Sale $132,900 +66.1% $70 / Sq Ft
10/16/2020 10/16/20 Sold $80,000 -5.9% $42 / Sq Ft
06/16/2020 06/16/20 For Sale $85,000 -- $45 / Sq Ft
Source: Lake Superior Area REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2024

    Nick Burns

    Coldwell Banker Realty - Duluth

    (715) 781-1074

    1 in this area

    141 Total Sales

    Nick Burns
    Section Image
  • Chad Watczak

    Buyer's Agent in 2024

    Chad Watczak

    Edina Realty, Inc. - Duluth

    (218) 349-0777

    4 in this area

    205 Total Sales

    Chad Watczak
    Section Image
  • Paula Mackey

    Seller's Agent in 2020

    Paula Mackey

    Laurentian Realty

    (218) 780-2778

    8 in this area

    61 Total Sales

    Paula Mackey
    Section Image

  • M

    Buyer's Agent in 2020

    Member Non

    NON-MEMBER

See All Agents

Map

Source: Lake Superior Area REALTORS®

MLS Number: 6114583

Minnesota St Louis County Virginia 55792

512 8th St S, Virginia, MN

This home is located at 512 8th St S, Virginia, MN 55792 and is currently priced at $125,000, approximately $66 per square foot. This property was built in 1910. 512 8th St S is a home located in St. Louis County with nearby schools including Parkview Elementary School, North Star Elementary School, and Rock Ridge High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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