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17 8th Street
Cloquet, MN 55720
Asking Price
$770K
Cap Rate
8.2%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
12-unit apartment complex | 100% Occupied <p>•<strong style="color: rgba(0, 0, 0, 1)">12-unit apartment complex in Cloquet, MN </strong><span style="color: rgba(0, 0, 0, 1)">that consists of 1 apartment building</span></p><p>•<strong style="color: rgba(0, 0, 0, 1)">Centrally located </strong><span style="color: rgba(0, 0, 0, 1)">near the St Louis River</span></p><p>•<span style="color: rgba(0, 0, 0, 1)">Potential for </span><strong style="color: rgba(0, 0, 0, 1)">value-add or stabilized investment opportunity</strong></p><p>•<span style
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NOI
$80,000
Cap Rate
10.39%
DSCR
1.75
Strong
Cash-on-Cash
14.84%
Monthly Payment
$3,809.54
Annual Cash Flow
$34,285.522