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For Sale:  Saint Paul MLS# 7095139

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Active
$600,000
/mo Edit
Commercial:  2 Stories
6 br • 8 ba • Built 1916
0.124 acres
St. Paul schools
MLS# 7095139
763-576-8286
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    Property Description

    Rare mixed-use investment opportunity! Featuring 5 occupied apartment units and 2 street-level commercial spaces, this property offers immediate cash flow with significant upside potential. Current rents have been intentionally kept below market rates due to recent road construction, creating an excellent value-add opportunity for investors. Recent updates include a newer roof (2015) and water heater. Strong income potential, diversified revenue streams, and room for future growth make this a must-see investment. Financials available upon request. Agent to accompany all showings.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $600,000
    Property Type: Commercial
    City: Saint Paul
    Garage Spaces: 0
    County: Ramsey
    Year Built: 1916
    State: MN
    Property Style: 2 Stories
    Zip Code: 55117
    Neighborhood/Area: 97
    Subdivision Name: Lanouxs Sub Of, Lots 7

    Interior

    Bedrooms: 6
    Bathrooms: 8
    Ceiling Height: Varied Heights
    Flooring: Vinyl
    Refrigerators: One Per Unit
    Appliances Included:
    • Range
    • Refrigerator
    Basement Details:
    • Block
    • Partial
    • Storage Space
    • Unfinished

    Exterior

    Stories: Two
    Garage Spaces: 0
    Air Conditioning: Window Unit(s)
    Foundation Size: 5,462 ft2
    Fencing: None
    Handicap Accessible: Other
    Road Responsibility: Public Maintained Road
    Heating System: Hot Water
    Parking Features:
    • Asphalt
    • On-Street Parking Only
    Unit Amenities:
    • Deck
    • Porch
    Road Frontage:
    • City Street
    • Other
    • Paved Streets
    • Sidewalks
    Exterior Material:
    • Brick
    • Other
    Pool: None
    Roof Details:
    • Age Over 8 Years
    • Asphalt
    • Flat
    • Other

    Rooms

    Shared Rooms: Other

    Lake & Waterfront

    Waterfront Present: N
    Waterfront: Other

    Lot & Land

    Acres: 0.124
    Geolocation: 44.969377, -93.105666
    Inclusions: Building
    Lot Dimensions: 59 x 86 x 60 x 86
    Zoning:
    • Business/Commercial
    • Other
    • Residential-Multi-Family
    Lot Description: Corner Lot

    Farm

    Topography: Level

    Schools

    School District: 625
    District Phone: 6517678100

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $7,500
    Annual Insurance Expense: $13,200
    Annual Maintenance Expense: $3,000
    Annual Trash Expense: $4,200
    Annual Water/Sewer Expense: $7,800
    Tenant Expenses: Electricity, Gas, Heat, Other, Telephone

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $20,526
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $20,526

    Income

    Annual Gross Income: $92,400

    Rent

    Annual Net Income: $52,400

    Units

    Total Units: 7

    Miscellaneous

    Current Use: Retail
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System:
    • City Sewer - In Street
    • City Sewer/Connected
    Available Utilities:
    • Electric Common
    • Electric Separate
    • Heating Common
    • Heating Separate
    • Hot Water Common
    • Hot Water Separate
    Water System:
    • City Water - In Street
    • 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!

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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.