910 Oak St Cloquet, MN 55720
- Commercial real estate
- 39,144 SF
- 2.40 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 910 Oak St
- Year built
- 2009
- Lot size
- 2.40 lot acres
- Property size
- 39,144 SF
- Property type
- Commercial real estate
Description
Oakwood Estates, a Class B, stabilized multifamily investment opportunity, presents a compelling acquisition prospect. This 39,144 square foot apartment building, constructed in 2009, is situated on a 2.4-acre lot in Cloquet, Minnesota, at 910 Oak St, zip code 55720. The property boasts 30 units with a current occupancy rate of 96%, offering a variety of one to three-bedroom floor plans. Amenities include controlled access, an elevator, laundry facilities on each floor, individual unit air conditioners, and in-unit appliances (range/oven and dishwasher). Residents enjoy patios or balconies, and a community room equipped with a kitchen and fireplace. Parking is ample, with 58 spaces total, comprising a 13-stall detached garage and 45 surface spots. The building is smoke-free and pet-free, with on-site property management. The property is zoned R-3 and consists of a single, two-story building. This is a market-rate property offering a strong return on investment in a desirable Duluth sub-market. The property's location offers convenient access to Highway 33 and the St. Louis River. This is a for-sale-by-owner opportunity.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cloquet
- County
- Carlton
- State
- Minnesota
- Longitude
- -92.470267191799
- Latitude
- 46.713765959997
