101 7th Ave W, Floodwood, MN 55736
101 7th Ave W, Floodwood, MN 55736
101 7th Ave W, Floodwood, MN 55736
101 7th Ave W, Floodwood, MN 55736
101 7th Ave W, Floodwood, MN 55736
101 7th Ave W, Floodwood, MN 55736
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Anthony Jennings

Anthony Jennings

+1(715) 209-6841
Listed by Michael Hoffman Michael Hoffman Realty
$ 205,900
Est. payment | /mo

6 Beds

5 Baths

3,120 SqFt

Save
$ 205,900
Est. payment | /mo
Save

6 Beds

5 Baths

3,120 SqFt

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,120 sqft

Price per Sqft $65

MLS Listing ID LSA6127016

Bedrooms 6

HOA Y/N No

Year Built 1965

Annual Tax Amount $3,536

Tax Year 2024

Lot Dimensions 53x121

Property Sub-Type Fourplex

Source lsar

Property Description

Awesome 4-plex on the main drag in Floodwood with freshly painted exterior and basement! Investor opportunity! Fully occupied four-unit apartment building with a strong rental history and excellent income potential. Current scheduled gross rents total $3,700 per month ($44,400 annually). Historical operating expenses indicate an estimated Net Operating Income (NOI) of approximately $33,449 per year, resulting in an estimated 15.9% cap rate at the current asking price. Estimated cash flow analysis and income/expense summary are available upon request. One long-term tenant is currently paying below-market rent, providing additional upside potential for future income growth. Buyer to verify all financial information. The selling entity is owned by two licensed real estate professionals.

Location

State MN

County St. Louis County

Area Lsar

Direction West on Hwy 2, Right on Elm St, property on left corner of W 7th Ave and Elm Street

Rooms

Basement Full

Interior

Heating Forced Air

Exterior

View Y/N No

Roof Type Asphalt Shingle,Rubber

Garage No

Building

Story 2

Foundation Poured Concrete

Sewer Public Sewer

Water City

Structure Type Stucco,Wood

Schools

High Schools Floodwood #698

School District Floodwood #698

Nearby Locations

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Anthony Jennings
Anthony Jennings

Broker-Owner | Lic# 44683-90

+1(715) 209-6841

315 Turner Rd., Ashland, WI 54806

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101 7th Ave W