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17 8th St 12 Unit Apartment Building $1,060,675 CAD ($88,390 CAD/Unit) 8.20% Cap Rate Cloquet, MN 55720
Investment Highlights
- • 100% occupancy
- The roof is in good condition
- Renovated in 2024
Executive Summary
Potential for value-add or stabilized investment opportunity. 12-unit apartment complex in Cloquet, MN that consists of 1 apartment building. Centrally located near the St Louis River.
Property Facts
| Price | $1,060,675 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $88,390 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 8.20% | Building Size | 5,200 SF |
| No. Units | 12 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1920/2024 |
| Price | $1,060,675 CAD |
| Price Per Unit | $88,390 CAD |
| 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 | 5,200 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
Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 06-275-0080 | Improvements Assessment | $413,603 CAD |
| Land Assessment | $28,770 CAD | Total Assessment | $442,373 CAD |
Property Taxes
Parcel Number
06-275-0080
Land Assessment
$28,770 CAD
Improvements Assessment
$413,603 CAD
Total Assessment
$442,373 CAD
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17 8th St
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