For Sale: Saint Paul MLS# 6499870
Active
$1,199,900
Commercial: Apartments
Built 1960
0.21 acres
St. Paul schools
MLS# 6499870
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Property Description
PRIME LOCATION ONE BLOCK FROM THE ALLIANZ SOCCER STADIUM IN ST.PAUL, MINNESOTA. ALL BRICK EXTERIOR FEATURING ELEVEN TWO-BEDROOM, ONE-BATH UNITS. EACH UNIT HAS A SIMILAR LAYOUT WITH APPROXIMATELY 750+ SQFT. PLENTY OF OFF-STREET PARKING SPACES IN THE REAR ASPHALT SURFACED LOT. BUILDING IS IN VERY CLEAN CONDITION AND IS PROFESSIONALLY MANAGED. SECURED ENTRY BUILDING AND OFFERS RESIDENTS LOWER LEVEL SEPARATE STORAGE LOCKERS AND COIN OPERATED LAUNDRY FACILITIES. NEWER WINDOWS AND ROOF IS APPROX. 11-12 YEARS OLD. VALUE-ADD OPPORTUNITY WITH MORE ROOM TO PUSH RENTS UP IN THIS MARKET. CURRENT IN-PLACE NET OPERATING INCOME IS $75, 738. CALL FOR MORE DETAILS.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,199,900
Property Type:
Commercial
City:
Saint Paul
County:
Ramsey
Year Built:
1960
State:
MN
Property Style:
Apartments
Zip Code:
55104
Neighborhood/Area:
Merriam Park/Lexington-Hamline
Interior
Ceiling Height:
8-10
Ranges:
One Per Unit
Refrigerators:
One Per Unit
Appliances Included:
- Range
- Refrigerator
Exterior
Stories:
Three Or More
Other Parking Spaces:
8
Air Conditioning:
Wall Unit(s)
Foundation Size:
3,800 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Boiler
- Hot Water
Parking Features:
Parking Lot
Road Frontage:
City Street
Exterior Material:
Brick/Stone
Roof Details:
- Age Over 8 Years
- Flat
Lot & Land
Acres:
0.21
Geolocation:
44.9523756185, -93.1687433761
Inclusions:
Building, Land, Leases, Rental License
Lot Dimensions:
60 x 150
Zoning:
Residential-Multi-Family
Farm
Topography:
High Ground, Level
Schools
School District:
625
District Phone:
651-767-8100
Expenses
Annual Fuel Expense:
$8,866
Annual Insurance Expense:
$4,800
Annual Maintenance Expense:
$4,400
Annual Gross Expense:
$58,153
Annual Trash Expense:
$3,025
Annual Water/Sewer Expense:
$3,979
Tenant Expenses:
Cable TV, Electricity
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$25,860
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$25,860
Income
Annual Gross Income:
$133,892
Rent
Annual Net Income:
$75,738
Units
Total Units:
11
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating 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.
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!
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.