For Sale: Saint Paul MLS# 7154979
Active
$650,000
Commercial: 2 Stories
Built 1913
0.147 acres
St. Paul schools
MLS# 7154979
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Property Description
Edmund apartments presents a unique opportunity to buy with seller financing. Achieve a higher return on your investment by structuring a deal that works for you. This property features one building with three single car detached garages bringing in extra income. All units are fully occupied featuring eight 1-bedroom and 1-bath apartments. In the rear is a detached garage that comes with the sale and was built in 1913. Total square footage is 6, 556 over two floors. Current in-place rents are $939.12 per month for the one bedrooms. Onsite coin laundry and extra storage lockers in the basement. All apartments feature hardwood floors, tall ceilings and loads of original trim and doors. Roof was replaced in 2022. Hot water boiler was replaced in 2015.
The same ownership group also is offering a 9-unit for $725, 000 located next door to the south at 1563 Charles Ave that can also be purchase on a contract for deed. Terms negotiable.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$650,000
Property Type:
Commercial
City:
Saint Paul
Garage Spaces:
3
County:
Ramsey
Year Built:
1913
State:
MN
Property Style:
2 Stories
Zip Code:
55104
Neighborhood/Area:
93
Subdivision Name:
Hamline Syndicate Add, No3
Interior
Ceiling Height:
8-10
Flooring:
Carpet, Tile, Vinyl, Wood
Refrigerators:
One Per Unit
Appliances Included:
- Range
- Refrigerator
Basement Details:
- Block
- Full
- Storage/Locker
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
3
Garage Door Height:
7
Garage Door Width:
8
Air Conditioning:
Window Unit(s)
Foundation Size:
3,000 ft2
Fencing:
None
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Boiler
- Hot Water
Parking Features:
Detached Garage
Road Frontage:
City Street
Exterior Material:
Concrete
Pool:
None
Roof Details:
- Age 8 Years or Less
- Flat
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.147
Geolocation:
44.958092, -93.166252
Inclusions:
Building, Land, Leases, Rental License
Lot Dimensions:
50 x 130
Zoning:
Residential-Multi-Family
Farm
Topography:
Level
Schools
School District:
625
District Phone:
6517678100
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$1,000
Annual Fuel Expense:
$8,500
Annual Insurance Expense:
$8,470
Annual Maintenance Expense:
$3,500
Annual Trash Expense:
$500
Annual Water/Sewer Expense:
$4,000
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$12,342
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$12,342
Income
Annual Gross Income:
$88,742
Rent
Annual Net Income:
$44,130
Units
Total Units:
8
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
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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 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.