For Sale

Listed by Jordan DeCaro from REMAX Results | Duluth

Source: Duluth Area Association of REALTORS, Inc. #6128481

# 2527/2525 2nd Street, Duluth, MN, 55806

$314,900

4
4
2960 sq. ft.
0.16 ac.

Other

•

1 day on the market

What's around # 2527/2525 2nd Street

About this property

Fully leased fourplex with a rental license already in place. All four units are 1 bedroom, 1 bath, approximately 740 sq ft each, with current rents of $850, $865, $850, and $900, for $3,465/month in gross rent. Tenants pay their own electric and trash. The owner covers fuel, water, and sewer. The property has natural gas forced-air heat, low-maintenance vinyl siding, a full stone basement, and 4 off-street parking spaces, which is hard to find on this stretch of W 2nd St. Staggered lease expirations through 2027 give a new owner steady income and flexibility to adjust rents over time. Annual taxes are $3,686. Its a solid hold for a seasoned investor or a turnkey first step into multifamily in Duluth. Call the listing office to schedule a showing.

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