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Active NEW!
$1,475,000
/mo Edit
Commercial:  Apartments
Built 1963
0.28 acres
St. Paul schools
MLS# 6730399
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    Property Description

    Mid Century 12 unit building. Every unit has been updated in some respect. Fantastic tenants and a quiet, leafy location within touching distance of amenities, entertainment, transport and more. All the hard work has been done here, this building is primed to go to the next level.

    Listing

    Contingency: None
    City: Saint Paul
    County: Ramsey
    State: MN
    Property Style: Apartments
    Zip Code: 55104
    Neighborhood/Area: Hamline-Midway
    Subdivision Name: Midway Heights

    Interior

    Ranges: One Per Unit
    Refrigerators: One Per Unit
    Basement Details: None

    Exterior

    Stories: Three Or More
    Garage Spaces: 0
    Garage Dimensions: 0
    Other Parking Spaces: 12
    Air Conditioning: Wall Unit(s)
    Foundation Size: 3,477 ft2
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Boiler
    Parking Features:
    • Parking Lot
    • Paved
    Road Frontage: City Street
    Exterior Material: Brick/Stone
    Roof Details: Flat

    Lot & Land

    Acres: 0.28
    Geolocation: 44.963614, -93.179493
    Inclusions: Building
    Lot Dimensions: 120 x 100
    Zoning: Residential-Multi-Family

    Schools

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

    Expenses

    Annual Caretaker Expense: $4,000
    Annual Electric Expense: $2,000
    Annual Fuel Expense: $8,000
    Annual Insurance Expense: $12,000
    Annual Gross Expense: $37,500
    Annual Trash Expense: $2,500
    Annual Water/Sewer Expense: $4,000
    Tenant Expenses: Electricity

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $29,042
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $29,042

    Income

    Annual Gross Income: $158,000

    Rent

    Annual Net Income: $120,500

    Units

    Total Units: 12

    Miscellaneous

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

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    Listing provided by RMLS, courtesy of Grand Realty, LLC.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.