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Active
Listed
$990,000
/mo   Edit
MLS# 5667172
Commercial
Built 1969
0.31 acres
St. Paul schools
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    Description:   100% OCCUPIED 11-UNIT CLOSE TO DOWNTOWN ST.PAUL, MN. ALL UNITS ARE SAME LAYOUT AND AROUND 400 SQFT. NEWER PITCHED ROOF REPLACED IN 2012. WINDOWS HAVE BEEN REPLACED WITH VINYL SLIDERS. PLENTY OF OFF STREET PARKING SPOTS. COIN LAUNDRY OWNED. PRICED TO SELL WITH A 6.68% CAP RATE AND POTENTIAL TO RAISE RENTS.
    List Price: $990,000
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Active
    Contingency: None
    Property Style: Apartments
    Year Built: 1969
    Neighborhood/Area: Payne-Phalen
    City: Saint Paul
    County: Ramsey
    State: MN
    Zip Code: 55130

    Interior

    Building Fin Sq Ft: 4,536 ft²
    Appliances Included: Range, Refrigerator
    Total Ranges: One Per Unit
    Total Refrigerators: One Per Unit
    Basement Details: Full, Partially Finished

    Exterior

    Air Conditioning: Wall Unit(s)
    Heating System: Hot Water
    Foundation Size: 1,500 ft²
    Shared Amenities: Coin-op Laundry Owned, Security
    Unit Amenities: Hardwood Floors, Tiled Floors
    Road Frontage: City Street, Paved Streets
    Handicap Accessible: None
    Exterior Material: Stucco
    Garage Spaces: 0
    Other Parking Spaces: 9
    Roof Details: Asphalt, Pitched, Age Over 8 Years

    Lot

    Acres: 0.31
    Lot Description: Tree Coverage - Light
    Latitude: 44.96755909
    Longitude: -93.08461501
    Lot Size Dim.: n/a
    Dev/Complex Name: Edmund Rices Fourth Add
    Zoning: Residential-Multi-Family

    Schools

    School District: 625
    District Phone: 651-767-8100

    Expenses

    Annual Caretaker Expense: $4,929
    Annual Electric Expense: $600
    Annual Fuel Expense: $1,140
    Annual Insurance Expense: $3,250
    Annual Maintenance Expense: $2,000
    Annual Gross Expense: $32,425
    Annual Trash Expense: $1,200
    Annual Water/Sewer Expense: $2,800
    Tenant Expenses: Electricity, Cable TV

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $10,859
    Assessment Pending: Unknown
    Taxes w/ Assessments: $11,256

    Income

    Annual Gross Income: $98,589

    Rent

    Annual Net Income: $66,163

    Unit

    Total Rooms in Unit 1: 0
    Total Rooms in Unit 2: 0
    Total Rooms in Unit 3: 0
    Total Units: 11
    Number of Efficiencies: 11

    Miscellaneous

    Current Use: Residential
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities: Heating Common, Electric Separate, Hot Water Common
    Water System: City Water/Connected

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    Get to know our Home Mortgage Professionals

    Jeff
    Zajac
    TruStone
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    CrossCountry
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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.
    763-270-4336

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