For Sale: Saint Paul MLS# 7006196
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Property Description
5-Unit Apartment Building for Sale. This well-maintained 5-unit property features four spacious 2-bedroom apartments and one charming 1-bedroom garden-level unit. Ten off-street parking spaces add significant value and convenience for tenants. Ideally located adjacent to Macalester College and just around the corner from one of the most vibrant stretches of Saint Paul's iconic Grand Avenue business district, the property benefits from constant rental demand in a highly desirable area. The units have been beautifully updated while preserving their old-world charm, offering a blend of character and modern comfort that tenants love. Situated at the entrance to Saint Paul's sought-after Tangletown neighborhood, this is a prime investment opportunity where vacancy is rarely a concern.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$700,000
Property Type:
Commercial
City:
Saint Paul
Garage Spaces:
0
County:
Ramsey
Year Built:
1917
State:
MN
Property Style:
2 Stories
Zip Code:
55105
Neighborhood/Area:
95
Interior
Flooring:
Wood
Refrigerators:
One Per Unit
Appliances Included:
- Exhaust Fan
- Range
- Refrigerator
Basement Details:
- Full
- Partially Finished
Exterior
Stories:
Two
Garage Spaces:
0
Air Conditioning:
None
Foundation Size:
2,952 ft2
Fencing:
None
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Boiler
- Steam
Parking Features:
Gravel
Unit Amenities:
- French Doors
- Hardwood Floors
- Natural Woodwork
- Security Lights
Road Frontage:
City Street
Exterior Material:
- Brick
- Stone
Roof Details:
- Age 8 Years or Less
- Flat
- Rubber
Lot & Land
Acres:
0.2
Geolocation:
44.939653, -93.171859
Inclusions:
Building, Fixture/Equipment, Leases
Lot Dimensions:
67 x 130
Zoning:
Residential-Multi-Family
Lot Description:
- Public Transit (w/in 6 blks)
- Tree Coverage - Light
Schools
School District:
2102
District Phone:
6517678100
Expenses
Annual Fuel Expense:
$6,176
Annual Insurance Expense:
$3,820
Annual Maintenance Expense:
$4,084
Annual Trash Expense:
$3,182
Annual Water/Sewer Expense:
$1,845
Tenant Expenses:
Electricity, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$13,400
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$13,400
Income
Annual Gross Income:
$95,775
Rent
Annual Net Income:
$42,525
Units
Total Units:
5
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
Power Company Name:
Xcel Energy
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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 Coldwell Banker Realty.
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.