1231 E 9th St, Duluth, MN 55805
sale
$450,000
|
Other
Courtesy Of RE/MAX Results
**BUILDING ONLY FOR SALE** Excellent mixed-use investment opportunity in the heart of Duluth s Chester Park neighborhood. This commercial building features a well-established lower-level commercial tenant and an upper residential unit, offering diversified income potential. The lower unit is currently leased at $2,500 per month and pays an additional CAM charge of $3 per square foot, providing increased return and shared expense coverage for ownership. The upper unit is a 2-bedroom, 1-bath apartment currently leased at $1,287 per month, creating strong supplemental income. Property includes rental license and is conveniently located near UMD, schools, and major thoroughfares. A solid opportunity for investors seeking stable cash flow with upside potential in a high-demand area.
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Building Units: 2
- Cooling System: Central Air
- Exterior Type: Brick
- Floors: 2
- Heating System: Electric (Heating)
- Heating System: Forced Air
- Heating System: Natural Gas
- MLSID: 6123730
- Roof Type: Rubber
- Rooms: Basement
- Rooms: Bedroom 2
- Rooms: Bedroom 1
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