For Sale: Saint Paul MLS# 7028626
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
This is a unique opportunity to acquire thirteen well-appointed apartments located in the heart of the Summit University and Union Park neighborhoods of Saint Paul, Minnesota. Stunning curb appeal, featuring 100% all brick and stone exterior. All the roofs have recently been replaced in 2021. The unit mix is all one bedroom, one bath with original oak hardwood floors and trim. Newer hot water boiler system and water heaters. Large double corner lot with over 0.35+ acres, twelve detached garages and a patio area for residents. This asset is the perfect property to buy in your 1031 IRC Tax Exchange!!
The neighborhood is centrally located and offers numerous restaurants, coffee shops, and parks, such as Linwood, Merriam, Iris, Cathedral Hill, and Western Sculpture Parks. Highly walkable with great access to public transportation along Lexington and the University METRO Green Line light rail. Just north of the historic Summit avenue with affluent mansions, churches, and colleges.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,495,000
Property Type:
Commercial
City:
Saint Paul
Garage Spaces:
12
County:
Ramsey
Year Built:
1921
State:
MN
Property Style:
Other
Zip Code:
55104
Neighborhood/Area:
96
Subdivision Name:
Anna E Ramsey Add
Interior
Ceiling Height:
8-10
Flooring:
Tile, Wood
Refrigerators:
One Per Unit
Appliances Included:
- Range
- Refrigerator
Basement Details:
- Block
- Full
Exterior
Stories:
Three Or More
Garage Spaces:
12
Air Conditioning:
Window Unit(s)
Foundation Size:
3,000 ft2
Fencing:
None
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Hot Water
Parking Features:
- Detached Garage
- Paved Lot
Unit Amenities:
- Cable
- Ceiling Fan(s)
- Hardwood Floors
- Patio
- Security System
- Tile Floors
Road Frontage:
- City Street
- Sidewalks
Exterior Material:
- Block
- Brick
Pool:
None
Roof Details:
- Age 8 Years or Less
- Asphalt
- Flat
- Pitched
- Rubber
Lot & Land
Acres:
0.355
Geolocation:
44.947186, -93.147191
Inclusions:
Building, Land, Leases, Rental License
Lot Dimensions:
119 x 130
Zoning:
Residential-Multi-Family
Lot Description:
- Corner Lot
- Tree Coverage - Light
Farm
Topography:
Level
Schools
School District:
2102
District Phone:
6517678100
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$1,200
Annual Fuel Expense:
$3,100
Annual Insurance Expense:
$6,500
Annual Maintenance Expense:
$3,000
Annual Trash Expense:
$2,004
Annual Water/Sewer Expense:
$5,200
Tenant Expenses:
Cable TV, Electricity
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$25,682
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$25,682
Income
Annual Gross Income:
$153,565
Rent
Annual Net Income:
$103,079
Units
Total Units:
13
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
Power Company Name:
Xcel Energy
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Apartment Cash Flow, Inc..
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.