For Sale: Saint Paul MLS# 6627362
Active
$645,000
Commercial: Apartments
Built 1922
0.14 acres
St. Paul schools
MLS# 6627362
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Property Description
Charming 5 plex on a corner lot in a quiet Merriam Park residential neighborhood convenient location with easy access to I94. Roof is just under 10 years old, boiler/water heater and most windows 5 years old. All 5 units are occupied and units 1-4 feature hardwood throughout. Unit 5 is a garden level unit and was fully renovated 3 years ago. It also includes 4 stall detached garage and onsite coin operated laundry in the basement with extra storage space in the unfinished area. A great opportunity to add to your real estate portfolio.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$645,000
Property Type:
Commercial
City:
Saint Paul
Garage Spaces:
4
County:
Ramsey
Year Built:
1922
State:
MN
Property Style:
Apartments
Zip Code:
55104
Neighborhood/Area:
Merriam Park/Lexington-Hamline
Subdivision Name:
Capitol Add To The, City Of St
Interior
Ranges:
Five
Refrigerators:
Five
Appliances Included:
- Range
- Refrigerator
Basement Details:
- Egress Window(s)
- Full
- Partially Finished
- Storage Space
Exterior
Stories:
Two
Garage Spaces:
4
Other Parking Spaces:
0
Air Conditioning:
None
Foundation Size:
1,610 ft2
Foundation Dimensions:
46x35
Handicap Accessible:
None
Heating System:
- Boiler
- Hot Water
Parking Features:
Detached
Shared Amenities:
Coin-op Laundry Owned
Unit Amenities:
- Ceiling Fan(s)
- Hardwood Floors
- Kitchen Window
- Natural Woodwork
- Tile Floors
Road Frontage:
- City Street
- Paved Streets
- Sidewalks
Exterior Material:
Stucco
Roof Details:
- Age Over 8 Years
- Flat
Lot & Land
Acres:
0.14
Geolocation:
44.954053, -93.189303
Inclusions:
Building, Leases
Lot Dimensions:
50 x 120
Zoning:
Residential-Multi-Family
Lot Description:
- Corner Lot
- Tree Coverage - Light
Farm
Topography:
Level
Schools
School District:
625
District Phone:
651-767-8100
Expenses
Annual Electric Expense:
$800
Annual Fuel Expense:
$3,577
Annual Insurance Expense:
$4,978
Annual Gross Expense:
$12,243
Annual Trash Expense:
$856
Annual Water/Sewer Expense:
$2,032
Tenant Expenses:
Cable TV, Electricity
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$12,364
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$12,364
Income
Annual Gross Income:
$60,777
Rent
Annual Net Income:
$48,534
Units
Total Units:
5
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
Heating Common
Water System:
City Water/Connected
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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 Twin City Real Estate Services.
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.