Great opportunity for investor with this 12 unit apartment complex location near downtown of Cloquet. Victory Apartments are currently 100% occupancy, wait list, and cash flow positive. Recent upgrades on the exterior are wonderful- windows, roof, hot water heater, and siding make this an investors great find with little to no current outdoor maintenance forecasted. One and a two bedroom apartment and a few Efficiencies make up the units, local caretaker in place, and the basement could be transformed into storage for tenants and possible extra revenue.
- Business, Building, Leases
- Boiler, City Gas, Electric
- Asphalt Shingles
- 100 x 50
- Take Cloquet Ave to 7th Street. Go South. Turn left on Avenue F. Take right onto 8th Street(one way). Apartment building on left. Signs on site.
Property Listed By RE/MAX Results
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