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Sold
List: $4,150,000
$3,893,275
/mo   Edit
MLS# 4944765
55/65 Hyacinth Avenue W
Saint Paul, MN 55117
Commercial
1.27 acres
Built 1972  ●  St. Paul schools
Info: 763-576-8286
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    Description:   Hyacinth Apartments offer for sale for the very first time. These 2 buildings for a total of 52 apartments have been well managed and maintained for over 40 years. Located North of Maryland Ave on a quiet street that is only 2 blocks long. Great tenants with a consistent and well managed rental criteria. Tours starting May 1st. Please contact us for a complete offering memorandum.
    List Price: $4,150,000
    Sold Price: $3,893,275
    Sold Date: 02/06/2019
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Sold
    Contingency: None
    Year Built: 1972
    Neighborhood/Area: North End
    City: Saint Paul
    Zip Code: 55117

    Interior

    Building Fin Sq Ft: 36,853 ft²
    Appliances Included: Range, Exhaust Fan/Hood, Refrigerator
    Total Ranges: One Per Unit
    Total Refrigerators: One Per Unit
    Basement Details: Finished (Livable), Day/Lookout Windows, Concrete Block

    Exterior

    Air Conditioning: Window
    Heating System: Forced Air
    Foundation Size: 12,753 ft²
    Shared Amenities: Coin-op Laundry Owned
    Road Frontage: City, Paved Streets, Curbs, Sidewalks
    Handicap Accessible: None
    Exterior Material: Brick/Stone
    Garage Spaces: 16
    Other Parking Spaces: 52
    Roof Details: Flat, Age Over 8 Years

    Lot

    Acres: 1.27
    Lot Description: Tree Coverage - Light, City Bus (w/in 6 blks)
    Latitude: 44.98035200
    Longitude: -93.10197000
    Lot Size Dim.: 1.27 Acres
    Dev/Complex Name: Hyacinth Apartments
    Zoning: Residential-Multi-Family

    Schools

    School District: 625 - St. Paul
    District Phone: 651-767-8100

    Expenses

    Annual Caretaker Expense: $28,820
    Annual Electric Expense: $24,000
    Annual Fuel Expense: None
    Annual Insurance Expense: $18,000
    Annual Maintenance Expense: $4,420
    Annual Repair Expense: $9,600
    Annual Gross Expense: $146,205
    Total Annual Expenses: $262,946
    Annual Trash Expense: $5,121
    Annual Water/Sewer Expense: $29,400
    Owner Expenses: Taxes, Insurance, Water/Sewer, Fuel, Maintenance/Repair, Janitorial, Trash, Snow, Lawn
    Tenant Expenses: Electric, Cable T.V.

    Financial & Taxes

    Tax Year: 2018
    Annual Taxes: $66,284
    Assessment Pending: Unknown
    Taxes w/ Assessments: $66,284

    Income

    Annual Gross Income: 469439.00
    Total Annual Rent 2: $21,600
    Total Annual Rent 3: $23,400
    Total Annual Rent 4: $344,100
    Total Annual Rent 5: $102,600

    Rent

    Annual Net Income: $246,646
    Unit 5 Monthly Rent: $950

    Unit

    Total Rooms in Unit 1: 40
    Total Rooms in Unit 2: 9
    Total Rooms in Unit 3: 0
    Total Units: 52
    Number of Efficiencies: 3

    Miscellaneous

    Current Use: Residential
    Fuel System: Natural Gas
    Owner Occupied: N
    Sale Includes: Building, Land, Inventory, Fixture/Equipment, Leases
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

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