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MLS# 4944765
55/65 Hyacinth Avenue W
Saint Paul, MN 55117
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
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Active
    Contingency: None
    Year Built: 1972
    Neighborhood/Area: North End
    City: Saint Paul
    Zip Code: 55117


    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


    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


    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


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


    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


    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


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


    Total Rooms in Unit 1: 40
    Total Rooms in Unit 2: 9
    Total Rooms in Unit 3: 0
    Total Units in 2nd Location: 3
    Total Units in 3rd Location: 3
    Total Units in 4th Location: 37
    Total Units in 5th Location: 9
    Total Units: 52
    Number of Efficiencies: 3


    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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    Jeff Zajac
    Area Sales Manager
    TruStone Home Mortgage NMLS#373627
    Jeff Zajac joined the Mortgage Lending Services team in 2014. With more than 10 years experience in the mortgage industry, Jeff is an expert in VA, FHA, conventional and construction loans. Jeff was one of the top five producers in the state of Minnesota in 2013. Jeff holds a bachelor's degree in economics and business administration from Augsburg College and participates in the Real Estate Investment Professionals business networking group. In his free time, Jeff spends his days as a youth hockey referee and coach.

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    Listing provided by RMLS, courtesy of Coldwell Banker Burnet