For Sale: Saint Paul MLS# 7045473
Active
$2,950,000
Commercial: 2 Stories
Built 1920
0.186 acres
St. Paul schools
MLS# 7045473
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Property Description
The Sale includes 2 identical 13-unit buildings, 1703 Ashland Ave and 1702 Laurel Ave in St. Paul. They are "back to back". Updated, charming apartments located a few blocks North of Summit Avenue. These apartment buildings are close to Macalester College, yet tucked into a neighborhood with limited traffic. The building has been updated with carpets, paint, and lighting, while maintaining the character and charm of this vintage building. The apartments feature tiled bathrooms, hardwood floors, and have a lot of character. The building has on-site laundry, large storage units, and an electronic buzzer entry system. - No Dogs - Non-smoking building - Assigned storage unit. - On-Site Laundry - $15 per month. - Heat, Water, Sewer, and Trash are included in the rent. - Resident pays for electricity and cooking gas. - $65 application fee per applicant (one time). - Liability to Landlord Insurance: $10.50 per month.
An impeccable property that shows the care of long-time pride of ownership.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$2,950,000
Property Type:
Commercial
City:
Saint Paul
Garage Spaces:
0
County:
Ramsey
Year Built:
1920
State:
MN
Property Style:
2 Stories
Zip Code:
55104
Neighborhood/Area:
96
Subdivision Name:
Schroeders Add To, The Circle
Interior
Ceiling Height:
8-10
Flooring:
Wood
Refrigerators:
One Per Unit, Six or More
Appliances Included:
- Range
- Refrigerator
Basement Details:
- Block
- Daylight/Lookout Windows
- Finished
- Storage Space
- Storage/Locker
Exterior
Stories:
Two
Garage Spaces:
0
Garage Dimensions:
0
Garage Door Height:
0
Garage Door Width:
0
Air Conditioning:
Wall Unit(s)
Foundation Size:
6,000 ft2
Foundation Dimensions:
45x125
Fencing:
None
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Boiler
Parking Features:
- On-Street Parking Only
- Open
Unit Amenities:
- French Doors
- Hardwood Floors
- Natural Woodwork
- Tile Floors
Road Frontage:
- City Street
- Curbs
Exterior Material:
- Block
- Brick
- Frame
Pool:
None
Roof Details:
- Age Over 8 Years
- Flat
- Pitched
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.186
Geolocation:
44.944263, -93.17233
Inclusions:
Building, Land
Lot Dimensions:
60 x 150
Addl Parcels:
042823130001
Zoning:
Residential-Multi-Family
Lot Description:
Corner Lot
Schools
School District:
625
District Phone:
6517678100
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$2,200
Annual Fuel Expense:
$15,000
Annual Insurance Expense:
$19,500
Annual Maintenance Expense:
$29,300
Annual Trash Expense:
$6,000
Annual Water/Sewer Expense:
$11,000
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$27,970
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$27,970
Income
Annual Gross Income:
$394,500
Rent
Annual Net Income:
$213,900
Units
Total Units:
26
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
Power Company Name:
Xcel Energy
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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 First Select.
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.