For Sale: Saint Paul MLS# 6688924
Active
$459,000
Commercial: Apartments
Built 1912
0.11 acres
St. Paul schools
MLS# 6688924
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
Amazing investment opportunity in an in-demand St. Paul neighborhood that consistently attracts renters. This well maintained, and considerably updated 5-unit property is fully leased and ready to bring you positive cash flow! While the property is turn key as-is, there are still value-add opportunities available to maximize rents as MSP's nationally low rent rates start to recalibrate over the next several years. Unit mix - (1) studio, (3) one-bedroom, (1) two-bedroom. Each unit has it's own separate electric meter, and other utilities are either tenant's outright responsibility, or billed back.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$459,000
Property Type:
Commercial
City:
Saint Paul
Garage Spaces:
0
County:
Ramsey
Year Built:
1912
State:
MN
Property Style:
Apartments
Zip Code:
55117
Neighborhood/Area:
Como
Subdivision Name:
Ware & Hospes Addition, To St
Exterior
Stories:
Three Or More
Garage Spaces:
0
Other Parking Spaces:
0
Foundation Size:
1,147 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Boiler
- Hot Water
Parking Features:
On-Street Parking Only
Road Frontage:
City Street
Exterior Material:
Aluminum Siding
Roof Details:
Age Over 8 Years
Lot & Land
Acres:
0.11
Geolocation:
44.973058, -93.129736
Inclusions:
Building, Leases
Lot Dimensions:
40 x 125
Zoning:
Residential-Multi-Family
Schools
School District:
625
District Phone:
651-767-8100
Expenses
Annual Gross Expense:
$28,770
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$3,518
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$3,518
Income
Annual Gross Income:
$59,793
Rent
Annual Net Income:
$31,025
Units
Total Units:
5
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
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
Listing provided by RMLS,
courtesy of Stepping Stone Brokers 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.