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$675,000  (list price)
$675,000
/mo Edit
Commercial:  Apartments
Built 1961
0.11 acres
St. Paul schools
MLS# 6533727
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    Property Description

    8 unit building with 7-1 bedrooms and 1 studio. Unit 1 rented for May 1 at $900/month. Unit 2 vacant rented May 1 for $900/month. Unit 3 vacated April 30th. Unit 4 vacant. Unit 5 studio rented for May 1 $750/month. Unit 6 vacated April 30th. Unit 7 rented $900/month. Unit 8 vacated April 30th. Roof is less than a year old. Great opportunity to get up to market rents here with very strong cash flow. All new hallway carpet and some unit updates as well but some renovations still needed. This one won't last.

    Listing

    Contingency: None
    City: Saint Paul
    County: Ramsey
    State: MN
    Property Style: Apartments
    Zip Code: 55106
    Neighborhood/Area: Dayton's Bluff
    Subdivision Name: Scottens Sub Of B71 Lyman Day

    Interior

    Ranges: One Per Unit
    Refrigerators: One Per Unit
    Appliances Included:
    • Range
    • Refrigerator
    Basement Details: None

    Exterior

    Stories: Two
    Other Parking Spaces: 0
    Air Conditioning: Window Unit(s)
    Foundation Size: 2,472 ft2
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Boiler
    Parking Features: None
    Shared Amenities: None
    Road Frontage: City Street
    Exterior Material: Stucco
    Roof Details:
    • Age 8 Years or Less
    • Rubber

    Lot & Land

    Acres: 0.11
    Geolocation: 44.952498, -93.057164
    Inclusions: Building
    Lot Dimensions: .1145
    Addl Parcels: 2024
    Zoning: Residential-Multi-Family

    Schools

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

    Expenses

    Tenant Expenses: Cable TV, Electricity

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $11,444
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $10,496

    Units

    Total Units: 8

    Miscellaneous

    Current Use: Residential
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System:
    • City Sewer - In Street
    • City Sewer/Connected
    Available Utilities: Heating Common
    Water System:
    • City Water - In Street
    • City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    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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    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.