For Sale: Saint Paul MLS# 6755680
Active
$1,075,000
Commercial: Apartments
Built 1968
0.29 acres
St. Paul schools
MLS# 6755680
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Property Description
Discover the potential of this vibrant 8-unit apartment complex, a gem in the heart of a bustling neighborhood, perfectly poised to attract great tenants. Located just steps from public transportation and within walking distance to shopping, dining, even McCarrons beach, this property offers an ideal mix of convenience and lifestyle.
Property Highlights:
• Desirable Unit Features: Each spacious one-bedroom apartment includes generous living areas and select units boast private balconies—perfect for enjoying the outdoors without leaving home.
• Convenient On-Site Amenities: Residents benefit from on-site coin-operated laundry facilities and off-street parking, adding to the everyday convenience.
• Prime Location: Nestled within walking distance to local eateries, boutiques, and outdoor activities at McCarrons beach, offering tenants an engaging lifestyle right at their doorstep.
• Strong Rental Demand: In a high-demand area, this building promises consistent rental income and low vacancy rates.
This property not only meets the practical needs of today's renters but also caters to their lifestyle preferences, making it a highly attractive offering in the rental market. Ideal for investors seeking a lucrative opportunity with minimal overhead, this apartment building combines solid construction with an convienent location to ensure a robust return on investment.
Capitalize on this rare market opportunity to enhance your real estate portfolio.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,075,000
Property Type:
Commercial
City:
Saint Paul
Garage Spaces:
0
County:
Ramsey
Year Built:
1968
State:
MN
Property Style:
Apartments
Zip Code:
55117
Neighborhood/Area:
North End
Subdivision Name:
Rice Street Villas
Interior
Ranges:
Six or More
Refrigerators:
Six or More
Exterior
Stories:
Two
Garage Spaces:
0
Other Parking Spaces:
8
Air Conditioning:
Wall Unit(s)
Foundation Size:
2,993 ft2
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
Paved
Shared Amenities:
Coin-op Laundry Owned
Exterior Material:
Brick/Stone
Roof Details:
Age 8 Years or Less
Lot & Land
Acres:
0.29
Geolocation:
44.989687, -93.106793
Inclusions:
Building
Lot Dimensions:
123 x 100
Zoning:
Residential-Multi-Family
Schools
School District:
625
District Phone:
651-767-8100
Expenses
Annual Fuel Expense:
$2,318
Annual Trash Expense:
$2,395
Annual Water/Sewer Expense:
$1,695
Tenant Expenses:
Cable TV, Electricity
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$14,418
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$14,418
Income
Annual Gross Income:
$89,200
Units
Total Units:
8
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
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Listing provided by RMLS,
courtesy of Investors Realty MN.
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.