For Sale: Saint Paul MLS# 6642133
Active
$1,599,000
Commercial: Apartments
Built 1972
0.38 acres
St. Paul schools
MLS# 6642133
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Property Description
This 18-unit apartment building is a rare find, priced to sell at under $89, 000 per door. Meticulously maintained by long-time owners, the property will be 100% occupied by March, providing immediate cashflow. Located just blocks from Allianz Field and one block from the light rail and University Avenue bus line, this property sits in the heart of a rapidly evolving neighborhood. The $160 million "United Village" development around Allianz Field is set to potentially boost property values, making this an incredible value-add opportunity. With many units currently rented below market rate and potential for upgrades in kitchens and bathrooms, this property offers excellent upside for savvy investors. Contact William to request offering a memorandum.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,599,000
Property Type:
Commercial
City:
Saint Paul
Garage Spaces:
8
County:
Ramsey
Year Built:
1972
State:
MN
Property Style:
Apartments
Zip Code:
55104
Neighborhood/Area:
Hamline-Midway
Subdivision Name:
Brightwood Park
Interior
Appliances Included:
- Range
- Refrigerator
Exterior
Stories:
Three Or More
Garage Spaces:
8
Other Parking Spaces:
0
Air Conditioning:
Window Unit(s)
Foundation Size:
222 ft2
Handicap Accessible:
None
Heating System:
- Baseboard
- Boiler
Parking Features:
- Detached
- Paved
Shared Amenities:
Coin-op Laundry Leased
Exterior Material:
Brick/Stone
Roof Details:
Age Over 8 Years
Lot & Land
Acres:
0.38
Geolocation:
44.956738, -93.171716
Inclusions:
Building, Other, Rental License
Lot Dimensions:
126 x 130
Zoning:
Residential-Multi-Family
Schools
School District:
625
District Phone:
651-767-8100
Expenses
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$34,578
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$34,578
Units
Total Units:
18
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
Water System:
City Water/Connected
Mortgage Calculator
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Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
Listing provided by RMLS,
courtesy of Keller Williams Premier Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.