For Sale: Saint Paul MLS# 6775626
Active
NEW!
$1,195,000
Commercial: Apartments
Built 1907
0.1 acres
St. Paul schools
MLS# 6775626
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Property Description
Rare opportunity to own a well-maintained 6-unit building in a prime Grand Avenue location! All six units are spacious 2-bedroom, 1-bath layouts that are consistently easy to lease. The property has been carefully cared for, with major updates already completed: roof replaced just 5 years ago, water heater only 3 years old, and 5 of the 6 units tastefully renovated within the last 4 years. Strong rental history and desirable unit sizes make this an excellent turnkey investment with both stability and upside.
Agent is an owner and showings are by appointment only so please give 24 hours of notice. Listing agent will be present for all showings.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,195,000
Property Type:
Commercial
City:
Saint Paul
Garage Spaces:
0
County:
Ramsey
Year Built:
1907
State:
MN
Property Style:
Apartments
Zip Code:
55105
Neighborhood/Area:
Summit Hill
Subdivision Name:
Summit Park Add To, St Pa
Interior
Ranges:
One Per Unit
Refrigerators:
One Per Unit
Appliances Included:
- Range
- Refrigerator
- Stainless Steel Appliances
Basement Details:
- Full
- Storage Space
- Storage/Locker
Exterior
Stories:
Three Or More
Garage Spaces:
0
Other Parking Spaces:
0
Air Conditioning:
Window Unit(s)
Foundation Size:
2,400 ft2
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
On-Street Parking Only
Exterior Material:
Aluminum Siding
Roof Details:
Age 8 Years or Less
Lot & Land
Acres:
0.1
Geolocation:
44.939762, -93.139195
Inclusions:
Building, Land, Leases
Lot Dimensions:
60 x 70
Zoning:
Residential-Multi-Family
Schools
School District:
625
District Phone:
651-767-8100
Expenses
Annual Gross Expense:
$51,281
Tenant Expenses:
Cable TV, Electricity, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$20,744
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$20,744
Income
Annual Gross Income:
$115,620
Rent
Annual Net Income:
$64,516
Units
Total Units:
6
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer - In Street
Available Utilities:
- Electric Separate
- Heating Common
- Hot Water Common
Water System:
City Water - In Street
Mortgage Calculator
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of M2 Real Estate Group 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.