117 3rd St Duluth, MN 55805-1753

This meticulously maintained 10-unit apartment building presents a rare opportunity in the heart of Duluth, Minnesota. Located at 117 W 3rd St, this three-story property boasts a total of 4,887 square feet and is situated on APN 010-0980-00130. Built in 1896, the building comprises a mix of unit types: three one-bedroom apartments and seven efficiency apartments. The asking price is $399,000, translating to $39,900 per unit and $81.65 per square foot. The property's excellent condition is a testament to its careful upkeep. While the current owner is retiring and hasn't been maintaining full occupancy, this presents a significant upside potential for a new owner. The 2023 property taxes amounted to $5,972.00. This is an exceptional investment opportunity in a desirable downtown location. The building's strong foundation and well-maintained structure offer a solid return on investment. The diverse unit mix caters to a broad range of renters, further enhancing its appeal. This property is ready for a new owner to maximize its rental income potential. Don't miss this chance to acquire a prime piece of Duluth real estate.