For Sale: Saint Paul MLS# 6677569
Active
$735,000
Commercial: Apartments
Built 1966
0.22 acres
St. Paul schools
MLS# 6677569
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Property Description
WEST 7TH STREET APARTMENTS IS A CLASSIC ALL-BRICK SEVEN-UNIT BUILDING CLOSE TO DOWNTOWN SAINT PAUL, THE MALL OF AMERICA, AND THE MPLS/ST.PAUL INTERNATIONAL AIRPORT. THIS PROPERTY HAS BEEN VERY WELL MANAGED AND CARED FOR OVER THE YEARS, CLEAN AND CONSTRUCTED IN 1966. RESIDENTS ENJOY THE OFF-STREET PARKING LOT ALONG WITH THE OPTION TO RENT ONE OF THE FOUR GARAGES. THERE IS ONSITE COIN LAUNDRY AND EXTRA STORAGE LOCKERS FOR RESIDENTS. CURRENTLY ALL THE UNITS ARE RENTED AND EACH TENANT PAYS FOR THEIR OWN SEPARATE ELECTRIC. OWNER PAYS HEAT, WATER AND TRASH. ALL FOUR UPPER APARTMENTS FEATURE OAK HARDWOOD FLOORING AND THEY ALL HAVE WALL AIR CONDITIONING UNITS. SPACIOUS ROOMS AND ONE OF THE LOWER LEVEL UNITS IS A SPECIAL TWO-BED TWO-BATHROOM UNIT! A NEW OWNER CAN RAISE RENTS ON LEASE RENEWALS TO CAPTURE A HIGHER RETURN ON THEIR INVESTMENT!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$735,000
Property Type:
Commercial
City:
Saint Paul
Garage Spaces:
4
County:
Ramsey
Year Built:
1966
State:
MN
Property Style:
Apartments
Zip Code:
55102
Neighborhood/Area:
West Seventh
Subdivision Name:
Clarkes Add
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:
Two
Garage Spaces:
4
Other Parking Spaces:
6
Air Conditioning:
Wall Unit(s)
Foundation Size:
2,952 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Boiler
- Hot Water
Parking Features:
Parking Lot
Road Frontage:
City Street
Exterior Material:
Brick/Stone
Roof Details:
- Age Over 8 Years
- Pitched
Lot & Land
Acres:
0.22
Geolocation:
44.924645, -93.131817
Inclusions:
Building, Land, Leases, Rental License
Lot Dimensions:
80 x 120
Zoning:
Residential-Multi-Family
Farm
Topography:
Level
Schools
School District:
625
District Phone:
651-767-8100
Expenses
Annual Fuel Expense:
$3,640
Annual Insurance Expense:
$4,200
Annual Maintenance Expense:
$2,800
Annual Gross Expense:
$33,932
Annual Trash Expense:
$2,195
Annual Water/Sewer Expense:
$1,354
Tenant Expenses:
Cable TV, Electricity
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$15,216
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$15,216
Income
Annual Gross Income:
$84,207
Rent
Annual Net Income:
$50,274
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 Common
- Hot Water Common
Water System:
City Water/Connected
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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.