2 and 4 S 16th Ave EDuluth, MN 55812
St. Louis County
Description
Investor opportunity! This fully rented fourplex offers immediate income and strong cash flow potential, meeting the sought-after 1% rule for rental investments. Includes coin operated laundry for additional income.The property is structurally and mechanically sound, providing a solid foundation for value-add improvements. While it could use some cosmetic updates the major components are in place, allowing investors to build equity and maximize rental income with renovations. Whether you're expanding your portfolio or looking for your next value-add investment, this is a great opportunity to acquire a cash-flowing asset with significant upside.
Property Information
- Property type
- Residential Income
- Sub-type
- Multi Family
- Year built
- 1891
- Stories
- 2
- Living area
- 2,872 Sq Ft
- Lot size
- 0.08 acres
- Lot dimensions
- 50x70
- Days on market
- 98
- MLS® Listing#
- 6126831
Property Features
- Heating
- Forced Air
- Basement
- Full
- Parking
- None
- Foundation
- Stone
- Sewer
- Public Sewer
- Water source
- Public
Financial Details
- HOA
- None
- Annual taxes
- $5,238Tax year 2026
- Parcel number
- 010-1460-04500
Directions
from freeway go northwest on 21st ave e to left on Superior st to property on left. property is on the corner of Superior st. and s 16th ave E
Listing Courtesy: RE/MAX Results - ***
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