For Sale: Saint Paul MLS# 6767667
Active
NEW!
$600,000
Commercial: Apartments
Built 1923
0.18 acres
St. Paul schools
MLS# 6767667
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Property Description
Fantastic cash flowing opportunity! Brick 6 unit building with 5 units having 2 bedrooms & 1 unit having 1 bedroom. Property has been rented out per bedroom as well as full individual units, which is how it is most currently rented. Owned and operated by the same owner since 2009 which supports the ease of ownership and lots of large updates completed within the last few years making it easy to take over by the new buyer. Includes a hard to come by 4+ car garage (24'x38') with bonus loft storage for added future potential rental/storage income. This space is not currently being factored into the tenants leases so there is room to adjust your future leases accordingly for access to this space. All units share similar finishes. Unit 3 is being kept vacant for easy showings. Don't miss out on this opportunity! Contact an agent today for a tour!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$600,000
Property Type:
Commercial
City:
Saint Paul
Garage Spaces:
4
County:
Ramsey
Year Built:
1923
State:
MN
Property Style:
Apartments
Zip Code:
55104
Neighborhood/Area:
Summit-University
Subdivision Name:
Slater & Rileys Add
Interior
Ranges:
One Per Unit
Refrigerators:
One Per Unit
Exterior
Stories:
Three Or More
Garage Spaces:
4
Garage Dimensions:
38 x 24
Garage Size:
912 ft2
Other Parking Spaces:
0
Foundation Size:
1,697 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Baseboard
- Hot Water
Parking Features:
Detached
Road Frontage:
- City Street
- Paved Streets
- Sidewalks
Exterior Material:
- Brick Veneer
- Vinyl Siding
Roof Details:
- Age 8 Years or Less
- Flat
Lot & Land
Acres:
0.18
Geolocation:
44.955054, -93.139439
Inclusions:
Building, Leases
Lot Dimensions:
79 x 100 x 79 x 100
Zoning:
Residential-Multi-Family
Lot Description:
Public Transit (w/in 6 blks)
Schools
School District:
625
District Phone:
651-767-8100
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$11,660
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$11,660
Income
Annual Gross Income:
$90,000
Rent
Annual Net Income:
$62,164
Units
Total Units:
6
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Keller Williams Classic 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.