For Sale: Saint Paul MLS# 6780226
Active
NEW!
$1,250,000
Commercial: Apartments
Built 1960
0.2 acres
St. Paul schools
MLS# 6780226
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Property Description
Turnkey 9-Unit Apartment Building. Fully Occupied
Excellent investment opportunity with nine 1-bedroom units, all currently leased to long-term tenants. Perfect cash flow oppurtunity.
Located in a highly accessible area, close to public transit, restaurants, shopping, and with easy freeway access, this property is ideal for both tenants and investors.
Property Highlights:
New plumbing throughout, roof replaced in 2016 with leak-proof membrane shingles (lifetime warranty). Off-street parking available with rear parking stalls for each tenant.
Units #6 and #9 have been remodeled. Investment has Strong rental history with 100% occupancy. Investment property has strong potential. Don’t miss out on this solid, income-producing asset with upside potential!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,250,000
Property Type:
Commercial
City:
Saint Paul
Garage Spaces:
0
County:
Ramsey
Year Built:
1960
State:
MN
Property Style:
Apartments
Zip Code:
55106
Neighborhood/Area:
Greater East Side
Subdivision Name:
Birminghams 2nd Add
Interior
Appliances Included:
- Dishwasher
- Dryer
Exterior
Garage Spaces:
0
Other Parking Spaces:
10
Air Conditioning:
Window Unit(s)
Foundation Size:
1,200 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
- Assigned
- On-Street Parking Only
Shared Amenities:
None
Exterior Material:
Stucco
Lot & Land
Acres:
0.2
Geolocation:
44.966989, -93.028236
Inclusions:
Building, Business
Lot Dimensions:
59 x 148
Zoning:
Residential-Multi-Family
Schools
School District:
625
District Phone:
651-767-8100
Expenses
Annual Caretaker Expense:
$1,200
Annual Gross Expense:
$6,900
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$15,508
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$15,508
Income
Annual Gross Income:
$101,000
Rent
Annual Net Income:
$94,100
Units
Total Units:
9
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Separate
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 Diversified Realty.
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.