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For Sale:  Saint Paul MLS# 6610472

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Active
$985,700
/mo Edit
Commercial:  Apartments
Built 1911
0.11 acres
St. Paul schools
MLS# 6610472
763-576-8286
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    Property Description

    Presenting an 8 unit Apartment building consisting of 4-1BR and 4-2BR with detached one bedroom 9th Den unit. This is a well-maintained multifamily asset strategically located in St Paul Opportunity zone. Amenities such as off-street parking, laundry facilities, and ample storage space enhance the overall appeal, value-add potential, and functionality of the property. Situated in Midway Hamline neighborhood, residents benefit from excellent walkability and convenient access to major transportation routes, including Interstate 94, facilitating easy commutes to Downtown Minneapolis and St Paul and surrounding areas. The property’s proximity to several universities, including Hamline University, makes it particularly appealing to students, healthcare employees, and young professionals seeking housing options near their academic and professional pursuits. Moreover, the property is located with close property to downtown St Paul. This is a great compelling opportunity for an investor to acquire a well-positioned property in a prime location. Substantial upside exists through strategic enhancements and revenue growth, including optimizing underutilized storage and adjusting rents to meet market potential. Property tours are available by appointment only. Please contact the listing broker to schedule.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $985,700
    Property Type: Commercial
    City: Saint Paul
    County: Ramsey
    Year Built: 1911
    State: MN
    Property Style: Apartments
    Zip Code: 55104
    Neighborhood/Area: Hamline-Midway
    Subdivision Name: Hamline Syndicate Add, No3

    Exterior

    Other Parking Spaces: 0
    Foundation Size: 1,464 ft2
    Handicap Accessible: None
    Heating System: Boiler
    Parking Features: Parking Lot
    Exterior Material:
    • Engineered Wood
    • Stucco

    Lot & Land

    Acres: 0.11
    Geolocation: 44.957694, -93.166295
    Inclusions: Building
    Lot Dimensions: 40 x 120
    Zoning: Residential-Multi-Family

    Schools

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

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $13,066
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $13,066

    Units

    Total Units: 9

    Miscellaneous

    Current Use: Commercial
    Fuel System:
    • Electric
    • Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities: Electric 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!

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