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Active
$949,900
/mo   Edit
Commercial:  Apartments
Built 1926
0.22 acres
St. Paul schools
MLS# 5700091
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    Description:   Opportunity to make a Single Purchase with 10 sources of Income, FULLY LEASED. 4 commercial suites, 4 Residential Apartments, a Single Family Home and commercial signage on roof. Each has a lease in place earning over $100, 000 a year with renewal for Billboards coming and opportunities for rent increases in Spring. All residential units and home were refurbished 2 years ago, and all commercial leases have renewed. Updated mechanicals and systems. This is a walk on part, immediate income. 2nd floor has 4 apartments with dual access. Main floor storefronts have direct access and signage, completely built out with long time tenants (2nd tenant has grown to encompass the 3rd suite as well). 2 Billboards with long term contracts. All leases and Chattel are fully transferable at closing. Excellent location, Brand New Developments of last few years, retail have filled adjacent lots on North. These include CVS, Walgreens, Brand New Strip & Restaurants. INVESTORS ARE SPENDING HERE.
    List Price: $949,900
    Property Type: Commercial
    Listing Status: Active
    Contingency: None
    Property Style: Apartments
    Year Built: 1926
    Neighborhood/Area: Payne-Phalen
    City: Saint Paul
    County: Ramsey
    State: MN
    Zip Code: 55106

    Interior

    Building Fin Sq Ft: 12,140 sqft
    Appliances Included: Refrigerator, Washer, Dryer, Range
    Total Ranges: Five
    Total Refrigerators: Five
    Basement Details: Full

    Exterior

    Air Conditioning: Window Unit(s), Wall Unit(s)
    Heating System: Hot Water, Boiler
    Foundation Size: 3,190 sqft
    Unit Amenities: Hardwood Floors
    Road Frontage: City Street, Paved Streets, Curbs, Sidewalks
    Handicap Accessible: No Stairs External
    Exterior Material: Block, Brick/Stone
    Garage Spaces: 4
    Other Parking Spaces: 4
    Roof Details: Age Over 8 Years

    Lot

    Acres: 0.22
    Latitude: 44.97597189
    Longitude: -93.06577403
    Lot Size Dim.: 122 x 80 (both PIDs)
    Dev/Complex Name: Eastville Heights
    Zoning: Business/Commercial

    Schools

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

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $4,700
    Annual Fuel Expense: None
    Annual Insurance Expense: $2,500
    Annual Trash Expense: $1,300
    Annual Water/Sewer Expense: $1,050
    Tenant Expenses: Electricity, Fuel

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $14,434
    Assessment Pending: Unknown
    Taxes w/ Assessments: $14,434

    Income

    Annual Gross Income: $101,106

    Unit

    Total Rooms in Unit 1: 2
    Total Rooms in Unit 2: 2
    Total Units: 9

    Miscellaneous

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

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    Local Home Mortgage Professionals

    Justin
    Larson
    Movement
    Jeff
    Zajac
    Truestone
    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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