For Sale: Saint Paul MLS# 6651873
Active
NEW!
$499,000
Multi-family: Duplex Up and Down
Built 1905
2,802 sqft • 0.14 acres
St. Paul schools
MLS# 6651873
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Property Description
**Prime Investment Opportunity: Updated Duplex with Strong Rental Income and Long-Term Tenant**
This well-maintained duplex offers a solid investment opportunity with over $50, 000 in annual rental income and fees. The property boasts a long-term tenant in the lower unit, providing immediate cash flow. Property is setup with an electronic payment for rents that can easily be transferred to new owner. The upper unit has been updated and is currently being marketed for rent, offering additional income potential.
**Key Features:**
- **Annual Rental Income**: Generates over $50, 000 in rents and fees.
- **Stable Tenants**: Lower unit is occupied by long-term tenants, ensuring reliable income.
- **Comprehensive Renovations**: The property has been completely gutted and remodeled, including new finishes, down to the studs.
- **Upper Unit**: Recently updated with fresh paint, a modern kitchen, updated bathroom, newer appliances, and in-unit washer/dryer.
- **Exterior Updates**: New roof, siding, windows, and updated mechanicals for improved efficiency and peace of mind.
- Full list of updates will be provided in the supplements.
This turnkey duplex is a fantastic investment, offering immediate rental income and the potential for future growth. Don't miss out on this opportunityâ??schedule your showing today!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$499,000
Price per sq ft:
$178
Property Type:
Multi-family
City:
Saint Paul
Garage Spaces:
0
County:
Ramsey
Year Built:
1905
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55103
Neighborhood/Area:
Thomas-Dale (Frogtown)
Subdivision Name:
Humphreys Add To, Saint P
Interior
Finished Area:
2,802 ft2
Living Area:
2,802 ft2
Basement Details:
Full
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
0
Foundation Size:
1,315 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Exterior Material:
- Metal Siding
- Vinyl Siding
Lot & Land
Acres:
0.14
Geolocation:
44.962128, -93.115737
Lot Dimensions:
138 x 45
Schools
School District:
625
District Phone:
651-767-8100
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$165
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
$31
Annual Gross Expense:
$3,265
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$9,730
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$9,730
Income
Annual Gross Income:
$52,525
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
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 eXp 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.