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Active Contingent
$625,000
/mo Edit
Commercial:  Apartment,Low Rise
Built 1885
0.15 acres
St. Paul schools
MLS# 6461032
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    Property Description

    Price Reduced, Motivated Seller! Recent updates completed including new porches, decks, railings, exterior painting, and landscaping. Excellent St. Paul location- 5 Units For Sale on Ashland in great condition in and out. Many updates in and out including all units updated from 2018-2020, exterior painting in 2020 & 2024, radon system in 2020 and more. Unit Mix: (2) 2 bed/1 bath units. (2) 1 bed/1 bath units. (1) large studio/1 bath unit. Zoned: RM2 Medium Density Multiple Family Residential. Corner property sitting on 0.14 acres. Only being offered for sale as the Seller is an out of state investment owner with a focus on large retail assets.

    Listing

    Contingency: Inspection
    City: Saint Paul
    County: Ramsey
    State: MN
    Property Style: Apartment, Low Rise
    Zip Code: 55102
    Neighborhood/Area: Summit-University
    Subdivision Name: Woodland Park Addition, To St

    Interior

    Basement Details:
    • Finished
    • Partially Finished

    Exterior

    Other Parking Spaces: 4
    Air Conditioning: Window Unit(s)
    Foundation Size: 1,537 ft2
    Handicap Accessible: None
    Heating System: Boiler
    Parking Features:
    • Asphalt
    • Open
    Shared Amenities: Coin-op Laundry Owned
    Exterior Material: Stucco
    Roof Details: Asphalt

    Lot & Land

    Acres: 0.15
    Geolocation: 44.944575, -93.116444
    Inclusions: Building, Leases
    Lot Dimensions: 54 x 120
    Zoning: Residential-Multi-Family

    Schools

    School District: 625
    District Phone: 651-767-8100

    Expenses

    Annual Gross Expense: $30,195
    Tenant Expenses: Electricity

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $11,165
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $11,165

    Income

    Annual Gross Income: $75,573

    Rent

    Annual Net Income: $45,377

    Units

    Total Units: 5

    Miscellaneous

    Current Use:
    • Commercial
    • 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

    Mortgage Calculator

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    Local Home Mortgage Professionals

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

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    Listing provided by RMLS, courtesy of RE/MAX Results.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.