102 Gary StDuluth, MN 55808

For Sale
$1,250,000

34-Unit Boarding House, High Income

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a 34-unit boarding house in Duluth, Minnesota. Located at 102 W Gary St, 55808, this licensed property boasts 8,100 square feet of space and is offered at $1,250,000. The asking price translates to $154.32 per square foot, reflecting a strong return on investment potential. The property's substantial income stream provides a unique opportunity for immediate cash flow. This established business is turnkey, allowing a new owner to seamlessly take over operations and benefit from the existing tenant base. The property's location in Duluth, within St. Louis County, offers convenient access to local amenities and transportation. The building itself is a well-maintained structure, ready for continued operation as a successful boarding house. This is a rare chance to acquire a profitable, established business with significant real estate holdings, offering both immediate income and long-term growth potential. The property is classified as Special Purpose and is categorized as a boarding house. Financial details are available upon request. Serious inquiries only.

Highlights

  • 34-unit boarding house in Duluth, MN, at 102 W Gary St, 55808.
  • 8,100 square feet, listed at $1,250,000 ($154.32/SF).
  • Strong ROI potential with substantial income stream and turnkey operation.
  • Well-maintained building in a convenient location with existing tenant base.
  • Special purpose property classified as a boarding house.

Location Insight

City
Duluth
County
St. Louis
State
Minnesota
Latitude
46.6701609
Longitude
-92.2277851
102 Gary St, Duluth, Minnesota

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102 Gary St
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