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Commercial:  Apartments
Built 1965
0.56 acres
Roseville schools
MLS# 6029419
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    Description:   Want a Cash flow building for your portfolio? This brick 12 unit in the neighborhood of Falcon Heights. The location is across the street from the agricultural U of M campus. Spacious apartments with 2 bedrooms, 2 bathrooms, dining area, family room, and large entry area with fireplace, two decks. Lower level apartments don't have decks and one unit has one bathroom with a large walk-in master closet instead of a 2nd bathroom. New asphalt parking lot. Everyone has an assigned parking space. 11 Garages, rent for $75 a month, new garage doors. Tenants can get off-street parking permits too. Four of the kitchens have been updated with new stoves and old ovens removed. All carpeting had been removed and new vinyl flooring installed in all units. Gas fireplaces in all units.
    List Price: $2,200,000
    Property Type: Commercial
    Listing Status: Pending
    Contingency: None
    Property Style: Apartments
    Year Built: 1965
    City: Falcon Heights
    County: Ramsey
    State: MN
    Zip Code: 55113


    Building Fin Sq Ft: 13,756 sqft
    Appliances Included: Range, Exhaust Fan, Dishwasher, Refrigerator
    Total Ranges: Six or More, One Per Unit
    Total Refrigerators: Six or More, One Per Unit
    Basement Details: None


    Air Conditioning: Wall Unit(s)
    Heating System: Hot Water
    Foundation Size: 4,878 sqft
    Shared Amenities: Coin-op Laundry Leased
    Unit Amenities: Deck, Porch
    Road Frontage: City Street, Paved Streets, Curbs
    Handicap Accessible: None
    Exterior Material: Vinyl Siding, Brick/Stone
    Garage Spaces: 11
    Other Parking Spaces: 13
    Roof Details: Rubber


    Acres: 0.56
    Lot Description: Public Transit (w/in 6 blks)
    Latitude: 44.99245924
    Longitude: -93.17930576
    Lot Size Dim.: 152x160
    Dev/Complex Name: Lindig Add
    Zoning: Residential-Multi-Family


    School District: 623
    District Phone: 651-635-1600


    Annual Electric Expense: $9,911
    Annual Insurance Expense: $9,056
    Annual Gross Expense: $61,479
    Annual Trash Expense: $3,075
    Annual Water/Sewer Expense: $12,819
    Tenant Expenses: Electricity, Cable TV

    Financial & Taxes

    Tax Year: 2021
    Annual Taxes: $29,226
    Assessment Pending: No
    Taxes w/ Assessments: $29,226


    Annual Gross Income: $206,580


    Annual Net Income: $145,101


    Total Units: 12


    Current Use: Commercial
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities: Electric Separate
    Water System: City Water/Connected

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    Jeff Zajac
    Area Sales Manager
    Truestone Home Mortgage
    Jeff Zajac joined the Truestone Home Mortgage 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.

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    Disclaimer: The information contained in this listing has not been verified by and should be verified by the buyer.