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Active
Listed
$995,000
/mo   Edit
MLS# 5234849
1144 Arcade Street
Saint Paul, MN 55106
Commercial
Built 1926
0.224 acres
St. Paul schools
Info: 763-576-8286
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    Description:   Opportunity to make a Single Purchase with 10 sources of Income, FULLY LEASED. 4 commercial suites, 4 Residential Apartments, a Single Family Home and commercial signage on roof. Each has a lease in place earning nearly $100, 000 a year. All residential units and home were refurbished 2 years ago, and all commercial leases have renewed. This is a walk on part. Do the paperwork and start earning income. 2nd floor has 4 apartments with dual access. Main floor storefronts have direct access and signage, completely built out with long time tenants (2nd tenant has grown to encompass the 3rd suite as well). 2 Billboards on roof have long term contracts. All leases and Chattel are fully transferable at closing. Excellent location, Brand New Developments of last few years, retail have filled adjacent lots on North. These include CVS, Walgreens, Brand New Strip & Restaurants. INVESTORS ARE SPENDING HERE.
    List Price: $995,000
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Active
    Contingency: None
    Year Built: 1926
    Neighborhood/Area: Payne-Phalen
    City: Saint Paul
    Zip Code: 55106

    Interior

    Building Fin Sq Ft: 12,140 ft²
    Appliances Included: Refrigerator, Washer, Dryer, Range
    Total Ranges: Five
    Total Refrigerators: Five

    Exterior

    Air Conditioning: Window
    Heating System: Hot Water, Boiler
    Foundation Size: 3,190 ft²
    Unit Amenities: Hardwood Floors
    Road Frontage: City, Paved Streets, Curbs, Sidewalks
    Handicap Accessible: No Stairs External
    Exterior Material: Block, Brick/Stone
    Garage Spaces: 4
    Other Parking Spaces: 4
    Roof Details: Age Over 8 Years

    Lot

    Acres: 0.224
    Latitude: 44.97597200
    Longitude: -93.06577400
    Lot Size Dim.: 122 x 80 (both PIDs)
    Dev/Complex Name: Eastville Heights
    Zoning: Business/Commercial

    Schools

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

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $4,700
    Annual Fuel Expense: None
    Annual Insurance Expense: $2,500
    Annual Trash Expense: $1,300
    Annual Water/Sewer Expense: $1,050
    Tenant Expenses: Electric, Fuel

    Financial & Taxes

    Tax Year: 2018
    Annual Taxes: $12,644
    Assessment Pending: Unknown
    Taxes w/ Assessments: $12,644

    Income

    Annual Gross Income: 96025.00

    Unit

    Total Rooms in Unit 1: 2
    Total Rooms in Unit 2: 2
    Total Units: 9

    Miscellaneous

    Current Use: Commercial, Residential, Automobile Service, Professional Service, Office
    Fuel System: Natural Gas
    Owner Occupied: N
    Sale Includes: Building, Land, Leases, Fixture/Equipment, Other
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

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    Get to know our Home Mortgage Professionals

    Richard
    Smyth
    TruStone
    Jeff
    Zajac
    TruStone
    Chrissy
    Von Itter
    Movement
    Richard Smyth
    Area Sales Manager
    TruStone Home Mortgage NMLS#422593
    Richard Smyth joined TruStone Home Mortgage as a Mortgage Consultant in 2015. With nearly 10 years of experience in the mortgage industry, he has the skills to guide borrowers through the home buying process with ease. With a bachelor's degree in finance from the National University of Ireland Maynooth and a background as a financial advisor, Richard knows the ins-and-outs of financing and will help you get from contract to close. Away from work, Richard spends his time playing music, enjoying the outdoors and spending time with his family.
    763-270-4334

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    Listing provided by RMLS, courtesy of Real Estate Solutions MN & WI