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Active NEW!
$1,550,000
/mo Edit
Commercial:  2 Stories
1 br • 1 ba • Built 1920
0.186 acres
St. Paul schools
MLS# 7099030
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    Property Description

    Impeccable Merriam Park 13 unit in fantastic condition. Almost 100% occupancy for 10 years. Beautiful renovated corner apartments, refinished wood floors, new tile floor in bathrooms, tile back splash in kitchen, new appliances, new counter tops, new window shades, three new ceiling fans, 3 great closets, really quiet building. Also, the laundry room is exceptionally bright with new floors, new bright lighting, glass block windows for security and privacy and new laundry equipment. Each apartment also gets a huge storage locker that is 10 feet by 10 feet. Located just 3 blocks west of Snelling on Laurel you are a short walk to Starbucks, restaurants, bars and other shops and Whole Foods. Some off street parking that is open to any tenant.

    Listing

    Contingency: None
    City: Saint Paul
    County: Ramsey
    State: MN
    Property Style: 2 Stories
    Zip Code: 55104
    Neighborhood/Area: 96
    Subdivision Name: Schroeders Add To, The Circle

    Interior

    Ceiling Height: 8-10
    Flooring: Wood
    Refrigerators: One Per Unit
    Appliances Included:
    • Dishwasher
    • Range
    • Refrigerator
    Basement Details:
    • Block
    • Finished
    • Storage/Locker

    Exterior

    Stories: Two
    Garage Spaces: 0
    Air Conditioning: None
    Foundation Size: 5,500 ft2
    Foundation Dimensions: 50x105
    Handicap Accessible: None
    Heating System: Boiler
    Parking Features: Open
    Unit Amenities:
    • Hardwood Floors
    • Natural Woodwork
    Exterior Material:
    • Brick
    • Frame
    Roof Details: Age 8 Years or Less

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.186
    Geolocation: 44.94473, -93.172329
    Inclusions: Building, Land
    Lot Dimensions: 60 x 150
    Zoning: Residential-Multi-Family
    Lot Description: Corner Lot

    Schools

    School District: 625
    District Phone: 6517678100

    Expenses

    Tenant Expenses: Electricity, Telephone

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $27,970
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $27,970

    Income

    Annual Gross Income: $201,064

    Rent

    Annual Net Income: $105,753

    Units

    Total Units: 13

    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
    Power Company Name: Xcel Energy

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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!

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    Listing provided by RMLS, courtesy of First Select.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.