For Sale: Saint Paul MLS# 6803172
Active
NEW!
$1,250,000
Commercial: Apartments
Built 1900
0.35 acres
St. Paul schools
MLS# 6803172

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Property Description
1619 Hubbard Avenue is a remarkable investment opportunity to acquire 9 well-appointed units steps away from the prestigious Hamline University and five blocks south of the Minnesota State Fairgrounds. Every apartment is unique and spacious with some of them receiving solid surface quartz countertops, stainless steel appliances, refinished hardwood flooring, original French doors, and luxury vinyl plank. Kitchens and bathrooms are remodeled with newer tile, cabinets, plumbing and lighting fixtures and fresh paint. Newer hot water boiler services all apartments for heat and electrical panels and breakers have been updated. The exterior siding is maintenance free and windows have all been replaced. Both the pitched roofs on the main building and garage are newer. Building sits on a larger 0.34 acres with a detached five car garage for additional income and a back parking lot for tenants. This asset is 100% full and super easy to keep rented. Well Managed and great curb appeal!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,250,000
Property Type:
Commercial
City:
Saint Paul
Garage Spaces:
5
County:
Ramsey
Year Built:
1900
State:
MN
Property Style:
Apartments
Zip Code:
55104
Neighborhood/Area:
Hamline-Midway
Subdivision Name:
College Place, West, Division
Interior
Ceiling Height:
8-10
Ranges:
One Per Unit
Refrigerators:
One Per Unit
Appliances Included:
- Range
- Refrigerator
Basement Details:
- Finished
- Full
Exterior
Stories:
Three Or More
Garage Spaces:
5
Other Parking Spaces:
12
Air Conditioning:
Window Unit(s)
Foundation Size:
2,310 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Boiler
- Hot Water
Parking Features:
- Detached
- Parking Lot
Road Frontage:
City Street
Exterior Material:
Vinyl Siding
Roof Details:
- Age 8 Years or Less
- Asphalt
- Pitched
Lot & Land
Acres:
0.35
Geolocation:
44.965611, -93.168712
Inclusions:
Building, Land, Leases, Rental License
Lot Dimensions:
80 x 200
Zoning:
Residential-Multi-Family
Lot Description:
Irregular Lot
Farm
Topography:
Level
Schools
School District:
625
District Phone:
651-767-8100
Expenses
Annual Caretaker Expense:
$1,800
Annual Electric Expense:
$981
Annual Fuel Expense:
$5,432
Annual Insurance Expense:
$5,550
Annual Maintenance Expense:
$2,925
Annual Gross Expense:
$51,565
Annual Trash Expense:
$2,666
Annual Water/Sewer Expense:
$4,763
Tenant Expenses:
Cable TV, Electricity
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$25,746
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$25,746
Income
Annual Gross Income:
$124,800
Rent
Annual Net Income:
$73,235
Units
Total Units:
9
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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Listing provided by RMLS,
courtesy of Apartment Cash Flow, Inc..
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.