1 North Lake Avenue

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1 North Lake Avenue

Duluth, MN 55805
Asking Price
$750K
Asset Type
Mixed-use
Class
Class B

What's Special

Luxury Downtown Duluth Condo <p><strong style="color: rgba(0, 0, 0, 1)">Premier Downtown Duluth Location</strong><span style="color: rgba(0, 0, 0, 1)"> – Steps from Canal Park, the Lakewalk, Lake Superior, restaurants, shopping, and entertainment, providing strong year-round guest appeal.</span></p><p><strong style="color: rgba(0, 0, 0, 1)">Established Short-Term Rental Opportunity</strong><span style="color: rgba(0, 0, 0, 1)"> – Currently operating as a successful Airbnb, offering immediate income potential and proven rent

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NOI
$80,000
Cap Rate
10.67%
DSCR
1.80
Strong
Cash-on-Cash
15.77%
Monthly Payment
$3,710.096
Annual Cash Flow
$35,478.848

Location & Travel Times