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Active
Listed
$944,900
/mo   Edit
MLS# 5234849
Commercial
Built 1926
0.224 acres
St. Paul schools
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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: $944,900
    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
    Utilities: Heating Common, Electric Separate, Hot Water Separate
    Water System: City Water/Connected

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    Get to know our Home Mortgage Professionals

    Jason
    Roaldson
    CrossCountry
    Jeff
    Zajac
    TruStone
    Brian
    Fulcher
    Movement
    Jason Roaldson
    Premier Loan Officer
    CrossCountry Mortgage NMLS#308253
    My goal is to be fair and accurate with anyone who trusts me to handle their financing. I believe that trust is the most important ingredient in the relationship between my client and me, which is why I focus on transparency with my clients so they understand from where all of the numbers in their transactions are derived. When trust is high and stress is low, purchases close on time. My Promise to you is we close on time, every time. We have open communication throughout the process, and I am accountable in all that I do. I am committed to serving you, I am committed to excellence, and I am committed to your 100% satisfaction. I am a 20 year veteran in the financing industry and have worked in every segment of the mortgage industry including banking, brokering, and correspondent lending. I have been fortunate to be a multi-year recipient of the Super Mortgage Professional designation given by the Twin Cities Business Magazine, the Minneapolis/St. Paul Magazine, and the Minnesota Monthly Magazine which are professional publications in my market.
    612.268.1503

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