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$399,000
/mo Edit
Multi-family:  Four Plex
Built 1890
3,008 sqft • 0.25 acres
St. Peter schools
MLS# 6494646
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    Property Description

    Your next investment property awaits you in St. Peter. This historic building with Victorian charm is a 4-plex that has been well takencare of and many updates have already been taken care of as well. The 4-plex is located one block from the Minnesota Square Park, close to GustavusCollege and a short walk to all of the downtown amenities. There may be room behind the building to add garages. You would need to check with theCity of St. Peter. The building ahs all new steel siding, new roof in Nov. 2023, new chimney with a new cement cap in Oct. 21, New stainless steelchimney liner from the top of the chimney to the furnace in May 21. All new appliances within the last 4 years, New water heater in 2019, Coin operatedwasher and dryer in the basement. New dryer in 2023. All windows are aluminum combination storm windows. The units are all leased and ready for a new owner.

    Listing

    Contingency: None
    Price per sq ft: $133
    City: Saint Peter
    County: Nicollet
    State: MN
    Property Style: Four Plex
    Zip Code: 56082
    Subdivision Name: Amended

    Interior

    Living Area: 3,008 ft2
    Ranges: Four
    Refrigerators: Four
    Basement Details:
    • Full
    • Other
    • Partially Finished

    Exterior

    Stories: Two
    Garage Spaces: 0
    Foundation Size: 1,168 ft2
    Handicap Accessible: None
    Heating System: Boiler
    Shared Amenities: Coin-op Laundry Owned
    Exterior Material: Steel Siding
    Roof Details: Asphalt

    Lot & Land

    Acres: 0.25
    Geolocation: 44.321093, -93.964124
    Lot Dimensions: 155 x 71.13

    Schools

    School District: 508
    District Phone: 507-934-5703

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: $3,553
    Annual Insurance Expense: $2,604
    Annual Maintenance Expense: $310
    Annual Gross Expense: $15,447
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $2,019
    Tenant Expenses: Cable TV, Electricity

    Financial & Taxes

    Tax Year: 2023
    Annual Taxes: $5,140
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $5,140

    Income

    Annual Gross Income: $430,000

    Units

    Total Units: 4

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    Local Home Mortgage Professionals

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

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    Listing provided by RMLS, courtesy of Weichert Realtors, Community Group.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.