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$879,000  (list price)
/mo   Edit
MLS# 5244211
1521 Grand Avenue
Saint Paul, MN 55105
Built 1914
0.166 acres
St. Paul schools
Info: 763-576-8286
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    Description:   Brick five-plex on historic Grand Avenue. Incredible opportunity! Building is in good condition-owner has done numerous improvements. Hardwood floors in the 4 main units with built-ins buffets & front porches with French doors. 4-identical 2 bedroom units & one garden unit which is also 2 bedrooms. Great rental track record-most of the tenants have been here for 10+ years. The units are easy to rent, but current owner is renting them much under market. See supplement for current & projected rents & improvements. Storage lockers for each unit. Coin operated laundry is owned, $924 collected in 2018. Updated boilers, water heater, numerous windows, roof & electric. 4 separated garage stalls. One block to Snelling & the bus line. Walk score off the charts.
    List Price: $879,000
    Sold Price: $905,000
    Sold Date: 07/01/2019
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Sold
    Contingency: None
    Year Built: 1914
    Neighborhood/Area: Macalester-Groveland
    City: Saint Paul
    Zip Code: 55105


    Building Fin Sq Ft: 5,898 ft²
    Appliances Included: Range, Refrigerator
    Total Ranges: Five
    Total Refrigerators: Five
    Basement Details: Full, Finished (Livable), Egress Windows


    Air Conditioning: None
    Heating System: Hot Water
    Foundation Size: 1,966 ft²
    Shared Amenities: Coin-op Laundry Owned
    Unit Amenities: Porch, Natural Woodwork, Hardwood Floors, Tiled Floors, French Doors
    Road Frontage: City, Paved Streets, Curbs, Sidewalks
    Handicap Accessible: None
    Exterior Material: Brick/Stone
    Garage Spaces: 4
    Other Parking Spaces: 0
    Roof Details: Flat, Age 8 Years or Less


    Acres: 0.166
    Lot Description: Corner Lot, City Bus (w/in 6 blks)
    Latitude: 44.94038600
    Longitude: -93.16465000
    Lot Size Dim.: 48x150
    Dev/Complex Name: Summit View
    Zoning: Business/Commercial


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


    Annual Caretaker Expense: None
    Annual Electric Expense: $501
    Annual Fuel Expense: $3,073
    Annual Insurance Expense: $6,735
    Annual Maintenance Expense: None
    Annual Repair Expense: None
    Annual Gross Expense: None
    Total Annual Expenses: $13,809
    Annual Trash Expense: $1,261
    Annual Water/Sewer Expense: $2,239
    Owner Expenses: Taxes, Insurance, Water/Sewer, Fuel, Maintenance/Repair, Trash, Snow, Lawn
    Tenant Expenses: Electric

    Financial & Taxes

    Tax Year: 2019
    Annual Taxes: $12,374
    Assessment Pending: No
    Taxes w/ Assessments: $12,374


    Annual Gross Income: 57624.00


    Annual Net Income: None


    Total Rooms in Unit 2: 5
    Total Units: 5


    Current Use: Residential
    Fuel System: Natural Gas
    Owner Occupied: N
    Sale Includes: Building
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

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    Von Itter
    Chrissy Von Itter
    Senior Loan Officer
    Movement Mortgage NMLS#642509
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