Turnkey triplex in the heart of East Hillside with two units leased and one vacant. Move in, lease up, or refresh to increase rents. This solid stucco two-story has been well maintained and offers a classic Duluth multi-family footprint with good bones and strong income from day one. Unit 1 is a 2 bed/1 bath leased at $1,125/mo. Unit 2 is a vacant 1 bed/1 bath ready for an owner-occupant or new tenant at market. Unit 3 is a 2 bed/1 bath leased at $1,200/mo. Tenants pay all utilities except electric. Off-street parking on site. At $349,900, this one pencils under the 1% rule at market rents. Walkable to Chester Park, Chester Creek trails, UMD, and downtown Duluth with convenient access to bus service. Strong rental demand in this corridor makes this a low-risk hold with long-term upside.
Listing courtesy of Neal Jacobi, Heirloom Realty, LLC
