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For Sale:  West Saint Paul MLS# 6795306

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Active NEW!
$725,000
/mo Edit
Commercial:  2 Stories
Built 1963
0.33 acres
West St. Paul-Mendota Hts. schools
MLS# 6795306
763-576-8286
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    Property Description

    Welcome to this 7-unit community with 6 one-bedroom & 1 two-bedroom all with assigned off street parking & storage unit for each apartment. The lot is spacious and gives tenants an area to utilize with large parking spots. Long-term tenants, presents a stable rental income opportunity with a proven track record. Its strategic location near transportation and parks enhances its appeal, making it an ideal investment for those pursuing a dependable revenue stream in a desirable area. Tenants have walkability to all the nearby restaurants and shops very close by!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $725,000
    Property Type: Commercial
    City: West Saint Paul
    Garage Spaces: 0
    County: Dakota
    Year Built: 1963
    State: MN
    Property Style: 2 Stories
    Zip Code: 55118
    Subdivision Name: Premo Addition

    Interior

    Ranges: One Per Unit
    Refrigerators: One Per Unit
    Appliances Included:
    • Exhaust Fan
    • Range
    • Refrigerator
    Basement Details:
    • Daylight/Lookout Windows
    • Finished
    • Full

    Exterior

    Stories: Two
    Garage Spaces: 0
    Other Parking Spaces: 7
    Air Conditioning: Wall Unit(s)
    Foundation Size: 2,300 ft2
    Handicap Accessible: None
    Heating System:
    • Baseboard
    • Hot Water
    Parking Features:
    • Asphalt
    • Assigned
    • Parking Lot
    Shared Amenities:
    • Coin-op Laundry Owned
    • Common Garden
    • Security
    Unit Amenities:
    • Kitchen Window
    • Natural Woodwork
    • Washer/Dryer Hookup
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Sidewalks
    Exterior Material: Stucco
    Roof Details: Asphalt

    Lot & Land

    Acres: 0.33
    Geolocation: 44.913012, -93.079829
    Inclusions: Building, Leases
    Lot Dimensions: 100 x 145
    Zoning: Residential-Multi-Family
    Lot Description:
    • Many Trees
    • Public Transit (w/in 6 blks)

    Schools

    School District: 197
    District Phone: 651-403-7002

    Expenses

    Annual Caretaker Expense: None
    Annual Insurance Expense: $6,862
    Annual Maintenance Expense: None
    Annual Gross Expense: $36,250
    Tenant Expenses: Cable TV, Electricity

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $12,270
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $12,270

    Income

    Annual Gross Income: $70,000

    Units

    Total Units: 7

    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

    Mortgage Calculator

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    Payment:  /mo

    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!

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    Listing provided by RMLS, courtesy of Hendrickson Homes Real Estate.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.