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Active
Listed
$2,249,000
/mo   Edit
MLS# 5262760
Commercial
Built 1925
0.172 acres
St. Paul schools
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    Description:   1511 Grand Ave. is a Historic all brick multi-family building one block east of Snelling. Just blocks from Macalaster College Campus. Owner has invested in upgrading the electrical, plumbing, hot water boiler, commercial grade hot water heater, and windows since 2005. Property consistently maintains 100% occupancy! One off-street parking space in the back alley. Loads of original architectural detail in the trim, solid wood doors, hardwood flooring, and stair rails. Very clean and Turn-Key!!
    List Price: $2,249,000
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Active
    Contingency: None
    Year Built: 1925
    Neighborhood/Area: Macalester-Groveland
    City: Saint Paul
    Zip Code: 55105

    Interior

    Building Fin Sq Ft: 12,960 ft²
    Appliances Included: Range, Refrigerator
    Total Ranges: One Per Unit
    Total Refrigerators: One Per Unit
    Basement Details: Full, Partial Finished, Day/Lookout Windows

    Exterior

    Air Conditioning: Window
    Heating System: Hot Water
    Foundation Size: 4,320 ft²
    Shared Amenities: Coin-op Laundry Owned, Security Building
    Unit Amenities: Natural Woodwork, Ceiling Fan(s), Hardwood Floors, Intercom System
    Road Frontage: City
    Handicap Accessible: None
    Exterior Material: Brick/Stone
    Garage Spaces: 0
    Other Parking Spaces: 1
    Roof Details: Flat, Age Over 8 Years

    Lot

    Acres: 0.172
    Lot Description: Tree Coverage - Light, City Bus (w/in 6 blks)
    Latitude: 44.94038400
    Longitude: -93.16403600
    Lot Size Dim.: 50 x 150
    Dev/Complex Name: Summit View
    Zoning: Residential-Multi-Family

    Schools

    School District: 625 - St. Paul
    District Phone: 651-767-8100

    Expenses

    Annual Caretaker Expense: $3,600
    Annual Electric Expense: $1,200
    Annual Fuel Expense: $6,029
    Annual Insurance Expense: $4,800
    Annual Maintenance Expense: $5,400
    Annual Repair Expense: $3,600
    Annual Gross Expense: $66,853
    Total Annual Expenses: $66,853
    Annual Trash Expense: $1,320
    Annual Water/Sewer Expense: $4,086
    Owner Expenses: Taxes, Insurance, Water/Sewer, Fuel, Maintenance/Repair, Trash, Snow, Lawn
    Tenant Expenses: Electric, Cable T.V., Broadband

    Financial & Taxes

    Tax Year: 2019
    Annual Taxes: $31,968
    Assessment Pending: Unknown
    Taxes w/ Assessments: $31,968

    Income

    Annual Gross Income: 185701.00

    Rent

    Annual Net Income: $118,848

    Unit

    Total Rooms in Unit 1: 0
    Total Rooms in Unit 2: 1
    Total Rooms in Unit 3: 0
    Total Units: 19
    Number of Efficiencies: 18

    Miscellaneous

    Current Use: Residential, Office
    Fuel System: Natural Gas
    Owner Occupied: N
    Sale Includes: Business, Building, Land, Leases
    Sewer System: City Sewer/Connected
    Utilities: Heating Common, Electric Separate, Hot Water Common, Electric Common
    Water System: City Water/Connected

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    Get to know our Home Mortgage Professionals

    Jason
    Roaldson
    CrossCountry
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    Fulcher
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    Zajac
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    Jason Roaldson
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    CrossCountry Mortgage NMLS#308253
    My goal is to be fair and accurate with anyone who trusts me to handle their financing. I believe that trust is the most important ingredient in the relationship between my client and me, which is why I focus on transparency with my clients so they understand from where all of the numbers in their transactions are derived. When trust is high and stress is low, purchases close on time. My Promise to you is we close on time, every time. We have open communication throughout the process, and I am accountable in all that I do. I am committed to serving you, I am committed to excellence, and I am committed to your 100% satisfaction. I am a 20 year veteran in the financing industry and have worked in every segment of the mortgage industry including banking, brokering, and correspondent lending. I have been fortunate to be a multi-year recipient of the Super Mortgage Professional designation given by the Twin Cities Business Magazine, the Minneapolis/St. Paul Magazine, and the Minnesota Monthly Magazine which are professional publications in my market.
    612.268.1503

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