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$650,000
/mo Edit
Multi-family:  Duplex Side by Side
Built 1909
2,929 sqft • 0.14 acres
St. Paul schools
MLS# 6615870
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    Property Description

    There’s a saying that real estate is the fastest way to build wealth, and this is your chance to be on that path! Be the envy of your family and friends – live in the lively, walkable, community centered neighborhood you want; Have the large 4 bed, 2 bath home w/front porch you want, all while also owning an investment property. Great side x side two-story plus property sits on a corner lot and is just waiting for an owner-occupant to take advantage of this opportunity. 1669 side is fully rented at $2400/month w/tenant handling all utilities (lease end date 6/30/25 and probably would love to stay). 1671 is vacant and move in ready w/beautiful hardwood floors, 4 beds and 1 ¾ baths including a very large third level bedroom. Full basements w/clean mechanicals and central AC. Each side is a mirror image of eachother. New roof. 1 stall private garage for each unit plus 2 bonus storage spaces above each garage w/locked access, currently not being used. This could be an additional income stream or with the right vision in place a potential for an accessory dwelling unit. Despite the age, most everything has been updated. Equally attractive to the savvy investor looking to expand their portfolio – clean property, neighborhood has historically held its value and benefited from appreciation and growth. Come and see for yourself the great attraction this property has to offer. Tour from your own home - check out the 3D virtual tour!

    Listing

    Contingency: None
    Price per sq ft: $222
    City: Saint Paul
    County: Ramsey
    State: MN
    Property Style: Duplex Side by Side
    Zip Code: 55104
    Neighborhood/Area: Merriam Park/Lexington-Hamline
    Subdivision Name: Schroeders Add To, The Circle

    Interior

    Living Area: 2,929 ft2
    Ranges: Two
    Refrigerators: Two
    Basement Details:
    • Full
    • Unfinished

    Exterior

    Stories: More Than 2 Stories
    Garage Spaces: 2
    Garage Size: 160 ft2
    Foundation Size: 1,160 ft2
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features:
    • Assigned
    • Detached
    • Storage
    Exterior Material: Vinyl Siding
    Roof Details:
    • Age 8 Years or Less
    • Asphalt

    Lot & Land

    Acres: 0.14
    Geolocation: 44.94599, -93.171046
    Lot Dimensions: 0
    Zoning:
    • Residential-Multi-Family
    • Residential-Single Family
    Lot Description: Corner Lot

    Schools

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

    Expenses

    Annual Insurance Expense: $2,500
    Annual Maintenance Expense: $300
    Annual Gross Expense: $3,500
    Tenant Expenses: All Utilities, Electricity, Gas, Grounds Care, Sewer, Snow Removal, Trash Collection

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $9,748
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $9,748

    Income

    Annual Gross Income: $57,600

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    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 Tradewind Properties.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.