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Active Contingent
$529,900
/mo Edit
Commercial:  Apartments
Built 1911
0.13 acres
St. Paul schools
MLS# 6358343
My rating:
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    Property Description

    Serious CASH FLOW! Separate Utilities. Laundry in Every Unit. The owner has made many updates and remodeling over the past year. This includes New Roof, 100% Maintenance Free Vinyl Exterior, New Metal Soffit & Fascia, New Window& Door Wraps, New LVP Flooring, Wall, Ceiling, Trim, Door Repair, Cabinets Painted, Replaced Several Windows with New Vinyl Windows, Several New Window Screens, Several New Entry Doors. New appliances Including: Washers, Dryers, Fridges, Ranges and Microwaves. Very Little Deferred Maintenance in the Years to Come. MUST SEE!

    Listing

    Contingency: Inspection
    City: Saint Paul
    County: Ramsey
    State: MN
    Property Style: Apartments
    Zip Code: 55107
    Neighborhood/Area: West Side
    Subdivision Name: Nelson Stevens & Kings, Addi

    Interior

    Ceiling Height: Less Than 8 Feet
    Ranges: Five
    Refrigerators: Five
    Appliances Included:
    • Dryer
    • Exhaust Fan
    • Range
    • Refrigerator
    • Washer
    Basement Details: Full

    Exterior

    Stories: Three Or More
    Other Parking Spaces: 3
    Air Conditioning: Window Unit(s)
    Foundation Size: 2,000 ft2
    Handicap Accessible: None
    Heating System:
    • Baseboard
    • Forced Air
    • Radiant
    Parking Features: Parking Lot
    Unit Amenities:
    • Hardwood Floors
    • Kitchen Window
    • Paneled Doors
    • Porch
    • Vaulted Ceiling(s)
    Exterior Material: Vinyl Siding
    Roof Details:
    • Age 8 Years or Less
    • Asphalt

    Lot & Land

    Acres: 0.13
    Geolocation: 44.929328, -93.092255
    Inclusions: Building, Fixture/Equipment, Land
    Lot Dimensions: 49 x 124
    Zoning: Residential-Multi-Family
    Lot Description: Public Transit (w/in 6 blks)

    Farm

    Topography: Level

    Schools

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

    Expenses

    Annual Insurance Expense: $6,093
    Annual Maintenance Expense: $2,400
    Annual Gross Expense: $14,640
    Tenant Expenses: Electricity, Gas, Trash Collection

    Financial & Taxes

    Tax Year: 2022
    Annual Taxes: $7,744
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $7,744

    Income

    Annual Gross Income: $66,852

    Rent

    Annual Net Income: $52,212

    Units

    Total Units: 5

    Miscellaneous

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

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