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For Sale:  Saint Paul MLS# 6578721

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Active
$325,000
/mo Edit
Commercial:  Mixed Use,Low Rise
Built 1880
0.1 acres
St. Paul schools
MLS# 6578721
763-576-8286
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    Property Description

    Great investment opportunity for a mixed use building on Rice Street in St. Paul. Main floor is large commercial space with hardwood floors, wall AC, full bathroom & 2 display windows. Upstairs you will find two 1-bedroom apartments, both with full bathrooms. There is a third studio apartment with its own entrance on the main level. Added bonus in that 2 of the 3 units have long-term tenants who would love to stay! Newer furnaces and all windows replaced within the past few years. Great location with great visibility!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $325,000
    Property Type: Commercial
    City: Saint Paul
    County: Ramsey
    Year Built: 1880
    State: MN
    Property Style: Mixed Use, Low Rise
    Zip Code: 55117
    Neighborhood/Area: North End
    Subdivision Name: Mckentys Out Lts To, St Paul

    Interior

    Ranges: Three
    Refrigerators: Three
    Appliances Included:
    • Range
    • Refrigerator
    Basement Details:
    • Full
    • Unfinished

    Exterior

    Stories: Two
    Other Parking Spaces: 2
    Air Conditioning: Wall Unit(s), Window Unit(s)
    Foundation Size: 1,212 ft2
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features:
    • Paved
    • Unassigned
    Shared Amenities: None
    Unit Amenities:
    • Cable
    • Kitchen Window
    • Main Floor Primary Bedroom
    Road Frontage:
    • City Street
    • Paved Streets
    • Sidewalks
    Exterior Material:
    • Brick/Stone
    • Vinyl Siding
    Roof Details:
    • Age Over 8 Years
    • Asphalt

    Lot & Land

    Acres: 0.1
    Geolocation: 44.967011, -93.106611
    Inclusions: Building
    Lot Dimensions: 40 x 110
    Zoning: Business/Commercial
    Lot Description:
    • Public Transit (w/in 6 blks)
    • Tree Coverage - Light

    Schools

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

    Expenses

    Annual Electric Expense: $960
    Annual Gross Expense: $4,560
    Annual Trash Expense: $2,400
    Annual Water/Sewer Expense: $1,200
    Tenant Expenses: Cable TV, Electricity, Fuel, Percent Rent

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $6,800
    Lender-owned: No
    Assessment Pending: Yes
    Taxes w/ Assessments: $7,834

    Income

    Annual Gross Income: $36,000

    Rent

    Annual Net Income: $31,440

    Units

    Total Units: 4

    Miscellaneous

    Current Use:
    • Commercial
    • Residential
    • Retail
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Separate
    • Heating Common
    • Hot Water Separate
    Water System: City Water/Connected

    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.
    Payment:  /mo

    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!

    Apply Online     Home Purchase Qualifier     Refinance Rate Checker    

    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.