For Sale: Saint Paul MLS# 6580987
Active
$995,000
Commercial: Apartments
Built 1960
0.2 acres
St. Paul schools
MLS# 6580987
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Property Description
Contract for Deed available with 25% down payment. The balance to be paid over a 30 year amortization at an interest rate of 7.5 %. The loan will mature in 3 years with a balloon payment. The buyer will have to carry insurance and hazard insurance during the period. Nine unit apartment building! Fully occupied with all long term tenants! Make money while you sleep! Close to the bus line, restaurants, shopping, and close proximity to freeway. Features new plumbing, roof 2016 (leak proof membrane shingles with lifetime warranty) off street parking available. Units #6 and #9 have been remodeled. Don't miss this one!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$995,000
Property Type:
Commercial
City:
Saint Paul
County:
Ramsey
Year Built:
1960
State:
MN
Property Style:
Apartments
Zip Code:
55106
Neighborhood/Area:
Greater East Side
Subdivision Name:
Birminghams 2nd Add
Exterior
Other Parking Spaces:
0
Air Conditioning:
Window Unit(s)
Foundation Size:
1,200 ft2
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
Paved
Shared Amenities:
Coin-op Laundry Leased
Exterior Material:
Stucco
Lot & Land
Acres:
0.2
Geolocation:
44.966989, -93.028236
Inclusions:
Building, Leases
Lot Dimensions:
59 x 148
Zoning:
Residential-Multi-Family
Schools
School District:
625
District Phone:
651-767-8100
Expenses
Annual Gross Expense:
$6,500
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$14,327
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$15,836
Income
Annual Gross Income:
$101,000
Rent
Annual Net Income:
$94,500
Units
Total Units:
9
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Common
Water System:
City Water/Connected
Mortgage Calculator
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This amortization schedule shows how much of your monthly payment will go towards the principle and how
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| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
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 Bridge Realty, LLC.
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.