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101 7th Ave W, Floodwood, MN 55736

Floodwood
Local realty services provided by:CENTURY 21 Atwood
101 7th Ave W,Floodwood, MN 55736
$205,900
  • 6 Beds
  • 5 Baths
  • 3,120 sq. ft.
  • Multi-family
  • Active
Listed by: michael hoffman
Office: michael hoffman realty
MLS#:6127016
Source:MN_DAAR

Price summary

  • Price:$205,900
  • Price per sq. ft.:$65.99

About this home

Awesome 4-plex on the main drag in Floodwood with freshly painted exterior and basement! Investor opportunity! Fully occupied four-unit apartment building with a strong rental history and excellent income potential. Current scheduled gross rents total $3,700 per month ($44,400 annually). Historical operating expenses indicate an estimated Net Operating Income (NOI) of approximately $33,449 per year, resulting in an estimated 15.9% cap rate at the current asking price. Estimated cash flow analysis and income/expense summary are available upon request. One long-term tenant is currently paying below-market rent, providing additional upside potential for future income growth. Buyer to verify all financial information. The selling entity is owned by two licensed real estate professionals.

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Home facts

  • Year built:1965
  • Listing ID #:6127016
  • Added:48 day(s) ago
  • Updated:September 14, 2026 at 03:59 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:5
  • Basement:Yes
  • Basement Description:Full
  • Living area:3,120 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Asphalt Shingle, Rubber
  • Year built:1965
  • Building area:3,120 sq. ft.
  • Construction Materials:Stucco, Wood
  • Foundation Description:Poured Concrete

Utilities

  • Water:City

Finances and disclosures

  • Price:$205,900
  • Price per sq. ft.:$65.99
  • Tax amount:$3,536 (2024)
2026, Lake Superior Area REALTORS, Inc. MN_DAAR Member Broker: Kevin Sharkey

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