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Active
Listed
$2,650,000
/mo   Edit
MLS# 5622152
Condo/Townhome
Built 1882
St. Paul schools
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    Description:   Wonderful historic building with tons of charm. High ceilings, huge windows, great lowertown location near all the action. Easy to rent. Has had over 250k in capital improvements in the last few years including new roof, new water system, downspout, LED lighting, security system, and cosmetic improvements Building gets its hot / cool air from District Energy. The cost of the utilities is billed back to the tenants by a Ratio Utility Billing System. Property appraised for 2.55M in Oct 2018 - since then has implemented a RUBS system to add approx 36k in NOI and undergone massive capital improvements.
    List Price: $2,650,000
    Sold Date: 0000-00-00
    Price/sq ft: None
    Property Type: Condo/Townhome
    Listing Status: Active
    Contingency: None
    Property Style: High Rise (4+ Levels)
    Year Built: 1882
    Neighborhood/Area: Downtown
    City: Saint Paul
    County: Ramsey
    State: MN
    Zip Code: 55101

    Interior

    Building Fin Sq Ft: 16,500 ft²
    Appliances Included: Microwave, Range, Dishwasher, Refrigerator, Washer, Dryer

    Exterior

    Air Conditioning: Central Air
    Heating System: Other
    Foundation Size: 4,500 ft²
    Shared Amenities: Security
    Unit Amenities: Patio, Kitchen Center Island, Hardwood Floors, Ceiling Fan(s)
    Handicap Accessible: Accessible Elevator Installed
    Exterior Material: Brick/Stone
    Garage Spaces: 0
    Other Parking Spaces: 0
    Roof Details: Flat

    Lot

    Acres: 0
    Lot Description: Corner Lot
    Latitude: 44.95036150
    Longitude: -93.08927226
    Lot Size Dim.: .25 acres
    Zoning: Residential-Multi-Family

    Schools

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

    Expenses

    Annual Gross Expense: $82,000
    Tenant Expenses: Water, Fuel

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $42,534
    Assessment Pending: Unknown
    Taxes w/ Assessments: $42,534

    Income

    Annual Gross Income: $252,000

    Rent

    Annual Net Income: $170,000

    Unit

    Total Rooms in Unit 1: 13
    Total Units: 14

    Miscellaneous

    Current Use: Residential
    Fuel System: Other
    Sale Includes: Building, Land, Fixture/Equipment
    Sewer System: City Sewer/Connected
    Available Utilities: Heating Common
    Utilities: Heating Common
    Water System: City Water/Connected

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    Get to know our Home Mortgage Professionals

    Justin
    Larson
    Movement
    Jeff
    Zajac
    TruStone
    Jason
    Roaldson
    CrossCountry
    Justin Larson
    Loan Officer
    Movement Mortgage NMLS#1490922
    Justin, the "Mortgage Man", is a senior loan officer who works with one of the nation top mortgage companies, Movement Mortgage! Justin has a dedicate team to streamline the home loan process. As a Veteran of Operation Iraqi Freedom and Eagle Scout he has a "service to others" attitude that put him well above his peers in the mortgage industry. Honesty, trust and friendship through solid and open communication is how he has built his success in the industry. The American Dream of owning a home is one of the largest purchases of most people lives. It’s a long process that can be frustrating, scary, and really confusing. He experienced this when purchasing his first couple of homes and looking back he wished he had a friend that would take the time to educate him on the best options for him and his family. This is the driving force of why I got into this industry.
    320-296-9177

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    Listing provided by RMLS, courtesy of VSM Real Estate LLC.
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