For Sale: Saint Paul MLS# 6504943
Active
$2,750,000
Commercial: Apartment,Mixed Use
Built 1906
0.15 acres
St. Paul schools
MLS# 6504943
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
Lowertown Saint Paul value add multifamily! An existing 29 unit, 27 residential/2 commercial unit mix. Residential units are loft style mostly 1 bed unit, however, it has potential to be turned into 41
units, and almost double the bedroom count due to the size and uniqueness of units. Known as an Artist
loft building, art exudes the building and attracts great tenants in an amazing location, walk to all the
best downtown spots. Tenants pay utilities through RUBs. All apt leases are MTM. District Energy heat. Tax Credits remaining and in Opportunity Zone. Commercial units on long leases. EPDM Roof, in good condition, per report. In place 6.53 cap rate.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$2,750,000
Property Type:
Commercial
City:
Saint Paul
Garage Spaces:
0
County:
Ramsey
Year Built:
1906
State:
MN
Property Style:
Apartment, Mixed Use
Zip Code:
55101
Neighborhood/Area:
Downtown
Interior
Ceiling Height:
Varied Heights
Basement Details:
Full
Exterior
Stories:
Three Or More
Garage Spaces:
0
Other Parking Spaces:
0
Air Conditioning:
None
Foundation Size:
6,500 ft2
Handicap Accessible:
Accessible Elevator Installed
Road Responsibility:
Public Maintained Road
Heating System:
Other
Parking Features:
- More Parking Onsite for Fee
- On-Street Parking Only
Shared Amenities:
- Coin-op Laundry Leased
- Concrete Floors & Walls
- Elevator(s)
- Fire Sprinkler System
Unit Amenities:
Security System
Road Frontage:
City Street
Exterior Material:
- Block
- Brick/Stone
Roof Details:
- Age 8 Years or Less
- Flat
- Pitched
- Rubber
Lot & Land
Acres:
0.15
Geolocation:
44.9485821033, -93.0853566456
Inclusions:
Building, Land, Leases, Rental License
Lot Dimensions:
50 x 130
Zoning:
- Business/Commercial
- Residential-Multi-Family
Lot Description:
Public Transit (w/in 6 blks)
Schools
School District:
625
District Phone:
651-767-8100
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$25,576
Annual Maintenance Expense:
$11,100
Annual Gross Expense:
$170,253
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$46,362
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$46,362
Income
Annual Gross Income:
$349,781
Rent
Annual Net Income:
$179,527
Units
Total Units:
29
Miscellaneous
Current Use:
- Commercial
- Residential
Fuel System:
Electric
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Common
Water System:
City Water/Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
Month | Principal | Interest | P&I | Balance |
---|---|---|---|---|
Year | Principal | Interest | P&I | Balance |
Local Home Mortgage Professionals
Listing provided by RMLS,
courtesy of Keller Williams Integrity RE.
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.