For Sale: Saint Paul MLS# 6755619
Active
NEW!
$585,000
Commercial: Apartments
Built 1890
0.23 acres
St. Paul schools
MLS# 6755619
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Property Description
606 Dayton Avenue offers a rare opportunity to acquire a historic 5-unit property in St. Paul’s Summit-University neighborhood.
Originally built as a large single-family residence, the building features spacious units with many preserved original details. A new owner could re-open the first floor and convert the property back to a spacious 4-plex.
Improvements include flooring, countertops, appliances (4/5 have dishwashers) to increase desirability. Boiler, water heaters, electrical and plumbing have all been upgraded in the past 10-15 years.
Units are spacious with plenty of sunlight from the windows and almost all have been refreshed in the past 10 years.
Unit #5 is the caretaker who handles taking trash to the curb, lawn care, and snow removal.
Tenants pay their own electric. Most units are on month-to-month leases, giving new ownership the ability to increase income and implement new management procedures.
Off-street parking is available and could be monetized upon renewal. The garage has been used for owner storage and new owners can repair or rebuild on the current structure to create more parking & income streams.
The property sits just steps from popular restaurants, shops, and public transit options along Selby and Dale.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$585,000
Property Type:
Commercial
City:
Saint Paul
Garage Spaces:
3
County:
Ramsey
Year Built:
1890
State:
MN
Property Style:
Apartments
Zip Code:
55102
Neighborhood/Area:
Summit-University
Subdivision Name:
Woodland Park Addition, To St
Interior
Ranges:
Five
Refrigerators:
Five
Basement Details:
Unfinished
Exterior
Stories:
Three Or More
Garage Spaces:
3
Garage Size:
540 ft2
Other Parking Spaces:
4
Air Conditioning:
Window Unit(s)
Foundation Size:
1,596 ft2
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
- Detached
- Paved
Exterior Material:
Wood Siding
Roof Details:
Asphalt
Lot & Land
Acres:
0.23
Geolocation:
44.947133, -93.125664
Inclusions:
Building, Land, Leases
Lot Dimensions:
85 x 117
Zoning:
Residential-Multi-Family
Schools
School District:
625
District Phone:
651-767-8100
Expenses
Annual Electric Expense:
$2,372
Annual Insurance Expense:
$7,200
Annual Maintenance Expense:
$2,500
Annual Trash Expense:
$3,840
Annual Water/Sewer Expense:
$3,259
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$12,310
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$12,310
Income
Annual Gross Income:
$61,800
Units
Total Units:
5
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
Electric Separate
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of MRG Realty Partners, LLC.
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.