Pending: Saint Paul MLS# 6479148
Pending
$799,900
Commercial: Apartments
Built 1958
0.22 acres
St. Paul schools
MLS# 6479148
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Property Description
Turn key investment opportunity in prime St Paul location close to breweries, shopping, and light rail! 7 one bedroom, one bathroom units with great rental history. Newer boiler, roof, some windows, and fence. The electrical was updated in 2020, and units have been updated throughout the years with appliances and updates. Plenty of off street parking, coin operated laundry, storage lockers. See supplements for expenses and rent roll.
Listing
Listing Status:
Pending
Contingency:
None
List Price:
$799,900
Property Type:
Commercial
City:
Saint Paul
Garage Spaces:
0
County:
Ramsey
Year Built:
1958
State:
MN
Property Style:
Apartments
Zip Code:
55104
Neighborhood/Area:
Hamline-Midway
Subdivision Name:
Forest Lawn Add To, St Pa
Interior
Ranges:
One Per Unit
Refrigerators:
One Per Unit
Appliances Included:
- Range
- Refrigerator
Basement Details:
- Full
- Storage/Locker
Exterior
Garage Spaces:
0
Other Parking Spaces:
7
Air Conditioning:
Window Unit(s)
Foundation Size:
2,220 ft2
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
None
Shared Amenities:
- Coin-op Laundry Owned
- Security
Road Frontage:
City Street
Exterior Material:
Stucco
Roof Details:
Age 8 Years or Less
Lot & Land
Acres:
0.22
Geolocation:
44.95952900, -93.17410200
Inclusions:
Building
Lot Dimensions:
76 x 125
Zoning:
Residential-Multi-Family
Schools
School District:
625
District Phone:
651-767-8100
Expenses
Annual Electric Expense:
$3,536
Annual Insurance Expense:
$2,827
Annual Gross Expense:
$34,664
Annual Trash Expense:
$2,569
Annual Water/Sewer Expense:
$4,858
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$11,296
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$12,202
Income
Annual Gross Income:
$74,351
Rent
Annual Net Income:
$29,875
Units
Total Units:
7
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Common
Water System:
City Water/Connected
Mortgage Calculator
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Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
Listing provided by RMLS,
courtesy of Edina Realty, Inc..
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.