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Active
$725,000
/mo Edit
Commercial:  Apartment,Mixed Use
Built 1886
0.15 acres
St. Paul schools
MLS# 6580138
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    Property Description

    Better than the coveted "1%" property! A must-see beautiful historic building with sweeping views of downtown St. Paul, this fully-leased 7-unit property is primed to deliver long-term value. This unique property features hardwood floors, intricate wood trim, a fireplace, 3rd story loft with private deck and panoramic views of downtown, many long-term tenants and plenty of space throughout. Brick exterior. Monthly income = $7, 995 (9% cap!!). Unit breakdown is 3 2-BR, 1 BR, 2 studios and a saloon/commercial space. 8 bathrooms total.

    Listing

    Contingency: None
    City: Saint Paul
    County: Ramsey
    State: MN
    Property Style: Apartment, Mixed Use
    Zip Code: 55106
    Neighborhood/Area: Dayton's Bluff
    Subdivision Name: Lyman Dayton Add

    Interior

    Ranges: One Per Unit
    Refrigerators: One Per Unit
    Appliances Included:
    • Dishwasher
    • Dryer
    • Microwave
    • Range
    • Refrigerator
    • Stainless Steel Appliances

    Exterior

    Stories: Three Or More
    Garage Spaces: 1
    Other Parking Spaces: 2
    Air Conditioning: Window Unit(s)
    Foundation Size: 2,356 ft2
    Handicap Accessible: None
    Heating System: Boiler
    Parking Features:
    • Concrete
    • Detached
    • Open
    Shared Amenities:
    • Common Garden
    • Deck
    Unit Amenities:
    • Balcony
    • Cable
    • Ceiling Fan(s)
    • City View
    • Deck
    • Hardwood Floors
    • Kitchen Center Island
    • Kitchen Window
    • Main Floor Primary Bedroom
    • Natural Woodwork
    • Paneled Doors
    • Porch
    • Skylight
    • Tile Floors
    • Vaulted Ceiling(s)
    Road Frontage: City Street
    Exterior Material:
    • Brick/Stone
    • Shake Siding
    • Wood Siding
    Roof Details:
    • Age Over 8 Years
    • Asphalt
    • Shake

    Lot & Land

    Acres: 0.15
    Geolocation: 44.953212, -93.066414
    Inclusions: Building, Fixture/Equipment, Land, Leases
    Lot Dimensions: 80 x 80
    Zoning: Residential-Multi-Family
    Lot Description: Corner Lot

    Farm

    Topography: High Ground, Walkout

    Schools

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

    Expenses

    Tenant Expenses: Cable TV, Electricity, Fuel, Gas

    Financial & Taxes

    Tax Year: 2023
    Annual Taxes: $12,030
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $12,030

    Income

    Annual Gross Income: $95,940

    Units

    Total Units: 7

    Miscellaneous

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

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