For Sale: Saint Paul MLS# 6808369
Active
$1,300,000
Commercial: Apartments
Built 1890
0.32 acres
St. Paul schools
MLS# 6808369
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Property Description
This is an amazing opportunity to acquire seven well-appointed apartments located in the heart of the Midway neighborhood of Saint Paul, MN. Every unit is unique in its own way accentuating remodeled kitchens and bathrooms, hardwood floors and luxury vinyl plank, and stainless-steel appliances. The unit mix is five 2-bedroom and two 3-bedroom. Well-constructed in 1890 and featuring newer roof, vinyl siding, and windows. Fully rented, on-site coin laundry, and balconies! One of the units is a two story two-bedroom and one 1/2 bath apartment with a spiral staircase. Property sits on 1/3 of an acre, nicely landscaped, new concrete sidewalks and stairs, and decorative retaining wall.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,300,000
Property Type:
Commercial
City:
Saint Paul
Garage Spaces:
0
County:
Ramsey
Year Built:
1890
State:
MN
Property Style:
Apartments
Zip Code:
55104
Neighborhood/Area:
Merriam Park/Lexington-Hamline
Subdivision Name:
Union Park
Interior
Ceiling Height:
8-10
Ranges:
One Per Unit
Refrigerators:
One Per Unit
Appliances Included:
- Dishwasher
- Range
- Refrigerator
Basement Details:
- Egress Window(s)
- Finished
- Full
Exterior
Stories:
Three Or More
Garage Spaces:
0
Other Parking Spaces:
18
Foundation Size:
3,000 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
Parking Lot
Unit Amenities:
Balcony
Road Frontage:
City Street
Exterior Material:
Vinyl Siding
Roof Details:
- Age 8 Years or Less
- Asphalt
- Pitched
Lot & Land
Acres:
0.32
Geolocation:
44.95401, -93.18022
Inclusions:
Building, Land, Leases, Rental License
Lot Dimensions:
60 x 150
Zoning:
Residential-Multi-Family
Farm
Topography:
Level
Schools
School District:
625
District Phone:
651-767-8100
Expenses
Annual Electric Expense:
$602
Annual Fuel Expense:
$711
Annual Insurance Expense:
$5,550
Annual Maintenance Expense:
$2,275
Annual Gross Expense:
$42,807
Annual Trash Expense:
$4,790
Annual Water/Sewer Expense:
$3,987
Tenant Expenses:
Electricity, Fuel
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$20,966
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$20,966
Income
Annual Gross Income:
$116,470
Rent
Annual Net Income:
$73,662
Units
Total Units:
7
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
- 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 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.