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Active
$379,900
/mo Edit
Commercial:  Apartments/Retail
Built 1900
0.06 acres
St. Paul schools
MLS# 6513558
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    Property Description

    Very rock solid mixed use commercial located at the heart of east side Saint Paul. 3 finished units, 4th unfinished but was originally part of the upper right unit. Can be converted into one large unit or left as-is. Lower unit facing Payne is retail use, zoned B2 with a well established company leasing. 1 detached garage. Flat roof, corner lot and completely visible.

    Listing

    Contingency: None
    City: Saint Paul
    County: Ramsey
    State: MN
    Property Style: Apartments/Retail
    Zip Code: 55130
    Neighborhood/Area: Payne-Phalen
    Subdivision Name: Holterhoff & Meads Add

    Interior

    Appliances Included:
    • Range
    • Refrigerator

    Exterior

    Garage Spaces: 1
    Garage Dimensions: 12 X 20
    Garage Size: 240 ft2
    Other Parking Spaces: 0
    Air Conditioning: Window Unit(s)
    Foundation Size: 2,400 ft2
    Handicap Accessible: Doors 36"+, Grab Bars In Bathroom
    Heating System:
    • Hot Water
    • Radiator(s)
    Parking Features: Attached Garage
    Shared Amenities: None
    Exterior Material:
    • Stucco
    • Wood Siding

    Lot & Land

    Acres: 0.06
    Geolocation: 44.973962398, -93.0732181692
    Inclusions: Building, Leases
    Lot Dimensions: 0 x 0
    Zoning: Business/Commercial

    Schools

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

    Expenses

    Annual Fuel Expense: $3,312
    Annual Insurance Expense: $2,400
    Annual Gross Expense: $17,228
    Annual Trash Expense: $1,600
    Annual Water/Sewer Expense: $1,600
    Tenant Expenses: Electricity, Janitorial Service, Grounds Care

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $8,187
    Lender-owned: No
    Assessment Pending: Yes
    Taxes w/ Assessments: $8,300

    Income

    Annual Gross Income: $39,180

    Rent

    Annual Net Income: $21,146

    Units

    Total Units: 4

    Miscellaneous

    Current Use:
    • Commercial
    • Residential
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities: Electric Separate
    Water System: City Water/Connected

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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.
    It would be our pleasure to assist you with your home purchase!

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    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.