17 8th St, Cloquet, MN 55720

17-8th Street, Cloquet, MN  55702.  I have owned Victory Apartments for nearly 10 years.  A job transfer takes me out of the area.  It produces monthly cash flow and a depreciation deduction on my Form 1040 each year of $9,989.  We are typically 100% occupied. We were chosen for a citywide housing grant from the City of Cloquet.  As a result, in the past several years, we have received the following:          Maintenance free vinyl siding          New vinyl windows          New roof          New hot water heater   I also replaced the boiler in 2007.   Victory is designed for low-to-moderate income tenants and we participate in various housing assistance programs to help to offset our tenants rent.  I like these programs because they pay on the 1st of the month without question.  This is a 12 unit building located near downtown Cloquet, Minnesota. It consists of efficiency apartments and one or two bedroom units. Rents range from $335 to $585 per month. This building averages $55,890 revenues per year.  It is professionally managed and it is 100% occupied. Victory is HUD certified for renter's assistance.  We are also eligible for Fond du Lac funded tenants and other government assistance programs.    I like the City of Cloquet, in part, because I dont have to deal with the licensing restrictions found in the Duluth market.  Showings available by appointment.  Additional property info: http://www.forsalebyowner.com/listing/12-bed-Multi-Family-home-for-sale-by-owner-17-8th-Street-55720/24003858?provider_id=28079