Log In/Sign Up
Your email has been sent.
17 8th St 12 Unit Apartment Building $770,000 ($64,167/Unit) 8.20% Cap Rate Cloquet, MN 55720
Investment Highlights
- Centrally located near the St Louis River
- Potential for value-add or stabilized investment opportunity
- 100% occupancy
Executive Summary
12-unit apartment complex in Cloquet, MN that consists of 1
apartment building
• Centrally located near the St Louis River
• Potential for value-add or stabilized investment opportunity
• The current owners have invested over $280,000 in Capex
• The roof is in good condition
• 100% occupancy
• Renovated in 2024, Cloquet Cliffs offers investors the opportunity to
invest in a quality asset far below replacement cost
• There is a basement that is entirely empty, that could be repurposed
for laundry, self-storage, or some other income-producing purpose
• Strong occupancy of 99.5% in the Cloquet submarket
apartment building
• Centrally located near the St Louis River
• Potential for value-add or stabilized investment opportunity
• The current owners have invested over $280,000 in Capex
• The roof is in good condition
• 100% occupancy
• Renovated in 2024, Cloquet Cliffs offers investors the opportunity to
invest in a quality asset far below replacement cost
• There is a basement that is entirely empty, that could be repurposed
for laundry, self-storage, or some other income-producing purpose
• Strong occupancy of 99.5% in the Cloquet submarket
Property Facts
| Price | $770,000 | Apartment Style | Low-Rise |
| Price Per Unit | $64,167 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 8.20% | Building Size | 10,400 SF |
| No. Units | 12 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1920/2024 |
| Price | $770,000 |
| Price Per Unit | $64,167 |
| Sale Type | Investment |
| Cap Rate | 8.20% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 10,400 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1920/2024 |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | - | - |
1 1
Walk Score®
Very Walkable (74)
Property Taxes
| Parcel Number | 06-275-0080 | Improvements Assessment | $301,900 |
| Land Assessment | $21,000 | Total Assessment | $322,900 |
Property Taxes
Parcel Number
06-275-0080
Land Assessment
$21,000
Improvements Assessment
$301,900
Total Assessment
$322,900
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
17 8th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.