For Sale: South Saint Paul MLS# 6512166
Active
$785,000
Commercial: Apartment,Low Rise
Built 1968
0.23 acres
South St. Paul schools
MLS# 6512166
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Property Description
Solid 6 unit brick building, with new secure exterior doors, new parking lot, located in a lovey tree lined residential neighborhood, good schools, close to library, parks and pools, MTC bus lines, major freeways and major employers. All leases are month-to-month, with history of very low vacancy rate. Five 2 bedroom units and one studio, on sight laundry, and 6 assigned parking spots. Dogs allowed. Building sustained fire damage summer of 2020, units #1 & #3, were fully rebuilt. Residents pay their own unit electric, except for studio, where owner pays all utilities. Owner pays heat, water and sewer, house electric, garbage. New roof in 2011, new water heater in 2021, new parking lot in 2022. City of South St Paul does NOT have rent control. A rental license is required.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$785,000
Property Type:
Commercial
City:
South Saint Paul
Garage Spaces:
0
County:
Dakota
Year Built:
1968
State:
MN
Property Style:
Apartment, Low Rise
Zip Code:
55075
Subdivision Name:
Hepburn Park
Interior
Ranges:
Six or More
Refrigerators:
Six or More
Appliances Included:
- Dryer
- Exhaust Fan
- Range
- Refrigerator
- Washer
Basement Details:
- Block
- Daylight/Lookout Windows
- Finished
Exterior
Garage Spaces:
0
Other Parking Spaces:
6
Foundation Size:
3,000 ft2
Foundation Dimensions:
50 x 60
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
Parking Lot
Road Frontage:
City Street
Exterior Material:
Brick/Stone
Roof Details:
- Age Over 8 Years
- Asphalt
Lot & Land
Acres:
0.23
Geolocation:
44.88747, -93.035703
Inclusions:
Building, Land
Lot Dimensions:
80 x 125
Zoning:
Residential-Multi-Family
Schools
School District:
6
District Phone:
651-457-9400
Expenses
Annual Caretaker Expense:
$900
Annual Electric Expense:
$2,218
Annual Fuel Expense:
$3,700
Annual Insurance Expense:
$5,090
Annual Maintenance Expense:
$900
Annual Trash Expense:
$960
Annual Water/Sewer Expense:
$2,200
Tenant Expenses:
Cable TV, Electricity
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$10,902
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$10,902
Income
Annual Gross Income:
$89,940
Units
Total Units:
6
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Electric Separate
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
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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.
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!
Listing provided by RMLS,
courtesy of Maxwell Blue Real Estate.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.