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Active
Listed
$3,100,000
/mo   Edit
MLS# 5670228
Commercial
Built 1937
0.14 acres
St. Paul schools
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    Description:   HIGH VISABLE LOCATION ON THE NORTHWEST CORNER OF HWY.94 & SNELLING. RIGHT ACROSS FROM THE NEW UNITED STADIUM. TWO SIMILAR BRICK BUILDINGS WITH A TOTAL OF 31 UNITS. UNIT MIX IS 17-1BD AND 14-EFF. ROOFS & BOILERS ARE IN GOOD CONDITION. 100% OCCUPIED. EACH BUILDING HAS COIN LAUNDRY. UNITS FEATURE ORIGINAL TRIM AND HARDWOOD FLOORS. LOCATION COULD BE A FUTURERE-DEVELOPMENT
    List Price: $3,100,000
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Active
    Contingency: None
    Property Style: Apartments
    Year Built: 1937
    Neighborhood/Area: Merriam Park/Lexington-Hamline
    City: Saint Paul
    County: Ramsey
    State: MN
    Zip Code: 55104

    Interior

    Building Fin Sq Ft: 18,320 ft²
    Appliances Included: Range, Refrigerator
    Total Ranges: One Per Unit
    Total Refrigerators: One Per Unit
    Basement Details: Full, Partially Finished, Egress Window(s), Block

    Exterior

    Air Conditioning: Window Unit(s)
    Heating System: Steam
    Foundation Size: 3,060 ft²
    Shared Amenities: Coin-op Laundry Owned
    Unit Amenities: Natural Woodwork, Kitchen Window, Hardwood Floors
    Road Frontage: City Street
    Handicap Accessible: None
    Exterior Material: Brick/Stone
    Garage Spaces: 0
    Other Parking Spaces: 3
    Roof Details: Flat, Age Over 8 Years, Rubber

    Lot

    Acres: 0.14
    Lot Description: Tree Coverage - Light
    Latitude: 44.95235857
    Longitude: -93.16779191
    Lot Size Dim.: 120 x 120
    Dev/Complex Name: Milham Park, Ramsey Co, , Minn
    Zoning: Residential-Multi-Family

    Schools

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

    Expenses

    Annual Caretaker Expense: $3,600
    Annual Electric Expense: $1,000
    Annual Fuel Expense: $17,000
    Annual Insurance Expense: $7,800
    Annual Maintenance Expense: $4,000
    Annual Gross Expense: $117,106
    Annual Trash Expense: $2,266
    Annual Water/Sewer Expense: $14,000
    Tenant Expenses: Electricity

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $25,610
    Assessment Pending: Unknown
    Taxes w/ Assessments: $26,188

    Income

    Annual Gross Income: $295,993

    Rent

    Annual Net Income: $178,887

    Unit

    Total Rooms in Unit 1: 17
    Total Rooms in Unit 2: 0
    Total Rooms in Unit 3: 0
    Total Units: 31
    Number of Efficiencies: 14

    Miscellaneous

    Current Use: Residential
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities: Heating Common, Electric Separate, Hot Water Common
    Water System: City Water/Connected

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    Zajac
    TruStone
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    Roaldson
    CrossCountry
    Jeff Zajac
    Area Sales Manager
    TruStone Home Mortgage NMLS#373627
    Jeff Zajac joined the Mortgage Lending Services team in 2014. With more than 10 years experience in the mortgage industry, Jeff is an expert in VA, FHA, conventional and construction loans. Jeff was one of the top five producers in the state of Minnesota in 2013. Jeff holds a bachelor's degree in economics and business administration from Augsburg College and participates in the Real Estate Investment Professionals business networking group. In his free time, Jeff spends his days as a youth hockey referee and coach.
    763-270-4336

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