For Sale: Saint Paul MLS# 6678042
Active
$500,000
Commercial: Apartments
Built 1912
0.11 acres
St. Paul schools
MLS# 6678042
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Property Description
Seize this exceptional opportunity to own a low-maintenance, income-generating multi-family property in a prime St. Paul location. Thoughtfully updated, including a brand-new roof in 2023, this 2, 808 sq. ft. building features multiple 1-bedroom units with 90% guaranteed rental income, ensuring stability and peace of mind for investors. Ideally situated within walking distance of the scenic Indian Mounds Regional Park, residents enjoy breathtaking views of the Mississippi River and the St. Paul skyline. The property also offers easy access to downtown Saint Paul�??s shopping, dining, and entertainment, with convenient public transportation options enhancing tenant appeal. With its strong rental history, recent capital improvements, and strategic location, 222 Frank Street presents a compelling investment opportunity for those seeking reliable cash flow and long-term value appreciation.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$500,000
Property Type:
Commercial
City:
Saint Paul
Garage Spaces:
0
County:
Ramsey
Year Built:
1912
State:
MN
Property Style:
Apartments
Zip Code:
55106
Neighborhood/Area:
Dayton's Bluff
Subdivision Name:
Suburban Hills
Exterior
Stories:
Two
Garage Spaces:
0
Other Parking Spaces:
0
Foundation Size:
988 ft2
Handicap Accessible:
None
Heating System:
Hot Water
Parking Features:
On-Street Parking Only
Exterior Material:
Vinyl Siding
Roof Details:
Age 8 Years or Less
Lot & Land
Acres:
0.11
Geolocation:
44.948071, -93.053476
Inclusions:
Building
Lot Dimensions:
50 x 100
Zoning:
Residential-Multi-Family
Schools
School District:
625
District Phone:
651-767-8100
Expenses
Annual Gross Expense:
$5,040
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$8,672
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$8,672
Income
Annual Gross Income:
$58,500
Rent
Annual Net Income:
$43,788
Units
Total Units:
5
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Separate
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of Keller Williams Premier Realty.
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.