Property summary
This exceptional investment opportunity presents a 34-unit boarding house in Duluth, Minnesota. Located at 102 W Gary St, 55808, this licensed property boasts 8,100 square feet of space and is offered at $1,250,000. The asking price translates to $154.32 per square foot, reflecting a strong return on investment potential. The property's substantial income stream provides a unique opportunity for immediate cash flow. This established business is turnkey, allowing a new owner to seamlessly take over operations and benefit from the existing tenant base. The property's location in Duluth, within St. Louis County, offers convenient access to local amenities and transportation. The building itself is a well-maintained structure, ready for continued operation as a successful boarding house. This is a rare chance to acquire a profitable, established business with significant real estate holdings, offering both immediate income and long-term growth potential. The property is classified as Special Purpose and is categorized as a boarding house. Financial details are available upon request. Serious inquiries only.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
R2 · Duluth, MNZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for R2 in Duluth, MN.
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