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Archived 2 months ago

$399,900

3 bd 2 ba 1758 sqft

4016 W Arrowhead Rd, Duluth, MN 55811

Residential SFR Occupied

Current Rent **

N/A

Projected Rent **

$2,500

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Like New Duluth Heights 3 BR 2 BA on 5 Acres!

Turn the key and fall in love! This beautifully updated & absolutely move-in ready 3+ BR/2BA home in Duluth Heights w/ 3 stall heated garage + carport will WOW you. And, how about a 5 minute commute to DLH Airport or Cirrus Training Center? Standout features include energy-efficient systems and solar power, a newer roof (2018), central air, updated vinyl windows, a newer septic system (2017) with the rare benefit of city water, stainless steel appliances, updated electrical, and solid wood trim and doors. Convenient location just minutes from Costco, Miller Hill Mall, Target, all the local restaurants and shops, but tucked in amongst the evergreens and birch trees, together with acreage to spread out (add'l 5 acres available under MLS #6123610). This turnkey home still sparkles from a comprehensive remodel by Heartwood Construction completed in 2018, and provides a like-new feel w/ quality craftsmanship designed with forever in mind. Main level boasts a fully updated open flow kitchen, combined with the dining and living room areas that are anchored against a gorgeous gas fireplace and stone hearth. You'll also love the oversized primary bedroom w/ dual closets, updated full bathroom, and a second main floor bedroom which could work nicely as a home office. Lower level is home to a large and bright family room/rec room w/ gas fireplace, updated 3/4 bath, mechanical room/laundry room that could easily be converted to a second kitchen or kitchenette, and two additional spacious bedrooms (one with egress installation to come, and the second is non-conforming). A firepit and some trails cut through the woods out back allow for enjoyment of the wildlife setting, or kick back and "forest bathe" on the large wrap-around deck. It's hard to beat a home that has this much to offer, but still includes equity-building opportunities! Could work nicely for co-housing, multi-generational living or as an investment. Don't miss your chance to see this unique property before it's GONE!

Location:

4016 W Arrowhead Rd, Duluth, MN 55811

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.