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722 E 3rd Street, Duluth, MN 55805

$265,000
  • 722 E 3rd Street, Duluth, MN 55805 Main Photo

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New to the Market Active
BEDS0 BATHS SQUARE FEET2,259 MLS#7028751
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONPortland Div Of Duluth SCHOOLDuluth

Property Description

Discover the perfect blend of historic character and modern industrial design in this unique up-and-downduplex. Situated in a prime area for rentals in Duluth near hospitals, bus lines, and downtown, thisproperty is an ideal addition to a portfolio or a perfect owner-occupy opportunity. Step into the lowerunit a 1 bedroom, 1 bath completely reimagined main-level unit, where classic Duluth architecture meets amodern open-concept layout with a stunning industrial/unfinished aesthetic. Honestly with the exposedbrick, industrial aesthetic, and the high ceilings it feels like it could be a New York City styleartists loft. The upper-level unit offers a well-maintained, classic apartment layout that is both clean,spacious and freshly painted since purchase. Unit provides a comfortable living environment and iscurrently occupied by a reliable tenant, ensuring immediate rental income for the new owner. While itretains its original charm, the space is move-in ready and serves as a perfect complement to the modernindustrial main floor. Upper unit rents as a 2 bedroom, but unit has a 3rd bedroom currently being usedas its laundry room complete with new washer/dryer. A new owner could move these machines to thebasement (there are hookups) if a 3rd br is desired for a higher ROI. Both units can access the lowerlevel walk-out through back hallway/stairway. Basement area has a tuck under parking space, loads ofstorage, a 1/2 bath, and possibly future potential to reimagine the space. The backyard space received afresh update by removing some unneeded trees, (helped view from units, can now peek a boo Lake Superior)adding a new deck, fence, & new sod. Making this area a plus for tenants as a back yard space, or kept asa private yard for a owner occupant buyer. Whether you are a owner occupant looking for your 1sthome/rental property, (live in one side, rent other) or a seasoned investor this property is worth thetime it takes to go check out.

722 E 3rd Street | MLS# 7028751

This multi-family property located at 722 E 3rd Street, Duluth, MN 55805 is currently listed for sale with an asking price of $265,000. E 3rd Street is located within the Duluth school district. Search Duluth real estate on www.leblancrealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Shared Access, Single Tenant Access, Storage Space, Unfinished, Walkout
Garage: 1
Heating: Boiler, Hot Water
Lot Size: 0.08 Acres
Roof Type: Flat, Rubber
Taxes: $2,370
Year Built: 1891

Feature Descriptions

Days on Site: 4
Foundation Size: 1108
Lot: Tree Coverage - Light
Lot Dimensions: 25X140
Owners Expense: Fuel, Repairs, Sewer, Water
Parcel#: 010383009810
Parking: Driveway - Other Surface, Other, Tuckunder Garage
Road Frontage: City Street, Paved Streets, Sidewalks, Street Lights
Sewer: City Sewer/Connected
Special View Info: Lake View
Tenant Expenses: Broadband, Cable TV, Electricity, Trash Collection
Units: 2
Water: City Water/Connected
Waterfront: Lake View, Lake Superior

Local Schools

School District: Duluth

Listed By / Shown By

Listed By

Agency Name: RE/MAX Advantage Plus
Agency Phone: 763-755-1100

Shown By

Agency Title: LeBlanc Realty
Agency Phone: 218-281-7451

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Estimated Payment

$ 864.57 per month $589.78 Principal & Interest $197.50 Property Tax $77.29 Homeowner's Insurance

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