For Sale: Saint Paul MLS# 6642470
Active
$1,147,000
Commercial: Other
Built 1890
0.16 acres
St. Paul schools
MLS# 6642470
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Property Description
This historic 8-unit brownstone in St. Paul�??s Summit-University features 7-2 bedroom, and 1-1 bedroom units, each with 10ft+ ceilings, hardwood floors, natural woodwork, split entrances, and original wood details like built-in buffets, beams, cabinets and woodwork.
Perfect for the work-from-home investor with separated living/work areas and balconies.
Units are spacious and the extra space is commonly used as a 3rd bedroom or office.
A sought-after & walkable location near dining and shops, off-street parking creates strong rental demand.
Spacious storage in the basement with a partially finished bathroom and coin-operated laundry machines owned by the seller.
Investors hedge their risk against utility inflation with tenants having separate meters for Gas & electricity. Tenants pay their own heat and new owners could implement "RUBs" to charge back for water, sewer & trash.
Rents are below market and 7/8 tenants are currently MTM giving investors the flexibility to implement their own leases & procedures upon acquisition.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,147,000
Property Type:
Commercial
City:
Saint Paul
Garage Spaces:
0
County:
Ramsey
Year Built:
1890
State:
MN
Property Style:
Other
Zip Code:
55102
Neighborhood/Area:
Summit-University
Subdivision Name:
Woodland Park Addition, To St
Interior
Ceiling Height:
11-15
Exterior
Stories:
Three Or More
Garage Spaces:
0
Other Parking Spaces:
5
Air Conditioning:
None
Foundation Size:
3,216 ft2
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
Parking Lot
Shared Amenities:
Coin-op Laundry Owned
Unit Amenities:
- Balcony
- Ceiling Fan(s)
- Deck
Exterior Material:
Brick/Stone
Roof Details:
- Age Over 8 Years
- Flat
- Rubber
Rooms
Shared Rooms:
Other
Lot & Land
Acres:
0.16
Geolocation:
44.943671, -93.124771
Inclusions:
Building, Land, Leases
Lot Dimensions:
50 x 143
Zoning:
- Business/Commercial
- Residential-Multi-Family
Schools
School District:
625
District Phone:
651-767-8100
Expenses
Annual Electric Expense:
$1,500
Annual Fuel Expense:
None
Annual Insurance Expense:
$11,698
Annual Trash Expense:
$1,996
Annual Water/Sewer Expense:
$2,722
Tenant Expenses:
Electricity, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$24,812
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$25,768
Income
Annual Gross Income:
$143,100
Units
Total Units:
8
Miscellaneous
Current Use:
Commercial
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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Listing provided by RMLS,
courtesy of MRG Realty Partners, LLC.
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.