For Sale: Saint Paul MLS# 7151644
Active Contingent
$895,000
Commercial: 2 Stories
7 br • 8 ba • Built 1968
0.291 acres
St. Paul schools
MLS# 7151644
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
Solid all-brick 8-unit apartment building featuring seven 1-bedroom units and one studio, offering a desirable mix for renters. The property has a newer roof, on-site laundry, and off-street parking located behind the building.
Conveniently situated within walking distance of shopping, restaurants, a beach, parks, gas station, and public transportation, making this a location that appeals to tenants who value convenience and accessibility.
The property is easy to show and easy to rent, making it an excellent opportunity for an investor looking for a well-located multifamily property with a practical unit mix and desirable tenant amenities.
This building qualifies as Affordable Housing. A great opportunity to add an established 8-unit property to your investment portfolio.
Listing
Listing Status:
Active Contingent
Contingency:
Inspection
List Price:
$895,000
Property Type:
Commercial
City:
Saint Paul
Garage Spaces:
0
County:
Ramsey
Year Built:
1968
State:
MN
Property Style:
2 Stories
Zip Code:
55117
Neighborhood/Area:
97
Subdivision Name:
Rice Street Villas
Interior
Bedrooms:
7
Bathrooms:
8
Refrigerators:
Six or More
Appliances Included:
- Range
- Refrigerator
Exterior
Stories:
Two
Garage Spaces:
0
Air Conditioning:
Wall Unit(s)
Foundation Size:
2,993 ft2
Handicap Accessible:
None
Heating System:
Baseboard
Parking Features:
Parking Lot
Unit Amenities:
Balcony
Roof Details:
Age 8 Years or Less
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.291
Geolocation:
44.989687, -93.106793
Inclusions:
Building
Lot Dimensions:
123 x 100
Zoning:
Residential-Multi-Family
Lot Description:
Corner Lot
Schools
School District:
625
District Phone:
6517678100
Expenses
Annual Fuel Expense:
$4,450
Annual Insurance Expense:
$5,500
Annual Trash Expense:
$2,971
Annual Water/Sewer Expense:
$2,126
Tenant Expenses:
Cable TV, Electricity
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$15,663
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$16,863
Income
Annual Gross Income:
$90,804
Rent
Annual Net Income:
$75,757
Units
Total Units:
8
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
Electric Separate
Water System:
City Water/Connected
Power Company Name:
Xcel Energy
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 |
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 Investors Realty MN.
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.