For Sale: Saint Paul MLS# 6491914
Active
$910,000
Commercial: Apartments
Built 1891
0.31 acres
St. Paul schools
MLS# 6491914
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Property Description
Well maintained 6 unit building with many updates including big ones such as updating plumbing and a new roof have been done in the last few years. The units include 2 studio apartments, 2-one bedroom, 1-three bedroom and 1-four bedroom (with two baths and it's own laundry). Two sets of laundry, one common area, and maintenance expenses are minimal. Four detached garage stalls could be used for additional income. High demand Summit-University area. Walking distance to Grand Avenue's shopping and restaurants. Total rents are $8, 825 with room to easily grow to over $9, 000 through next lease cycles. Ask agent for breakdown of rent by unit and lease end dates. Don't miss this excellent opportunity with stable rents, great tenants, and room to grow!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$910,000
Property Type:
Commercial
City:
Saint Paul
Garage Spaces:
4
County:
Ramsey
Year Built:
1891
State:
MN
Property Style:
Apartments
Zip Code:
55104
Neighborhood/Area:
Summit-University
Subdivision Name:
Summit Park Add To, St Pa
Exterior
Garage Spaces:
4
Garage Dimensions:
40x25
Garage Size:
1,000 ft2
Other Parking Spaces:
0
Foundation Size:
1,944 ft2
Handicap Accessible:
None
Heating System:
Radiant
Parking Features:
Detached
Exterior Material:
Stucco
Lot & Land
Acres:
0.31
Geolocation:
44.9436370926, -93.1412404976
Inclusions:
Building, Leases, Rental License
Lot Dimensions:
88 x 150
Zoning:
Residential-Multi-Family
Schools
School District:
625
District Phone:
651-767-8100
Expenses
Annual Gross Expense:
$33,686
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2023
Annual Taxes:
$15,872
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$15,872
Income
Annual Gross Income:
$105,900
Rent
Annual Net Income:
$72,214
Units
Total Units:
6
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
Electric Separate
Water System:
City Water/Connected
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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.