For Sale: Saint Paul MLS# 6398249
Active
$1,700,000
Commercial: Apartment,Low Rise
Built 1930
0.13 acres
St. Paul schools
MLS# 6398249
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Property Description
This 1930's classic brick building offers add-value opportunity and consists of 17 studios and two one-bedroom apartments. With a modest footprint, this building is ideal for investors interested in small, easy-to-rent, maintain, or renovate apartment units. It is located on a quiet block, but conveniently located near several amenities and the Green Line Train is steps away. The City's master plan is for significant redevelopment and investment focus on the surrounding area of Midway/Hamline. The property has added appeal being in a defined Opportunity Zone (the Opportunity Zones program provides tax relief for investors who re-invest their unrealized capital gains into specific low-income communities.)
Additionally, the building is approved for the 4D Tax-reduction program and will benefit from a significant tax reduction this next calendar year (see city website for more information. See attachments for financial information.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,700,000
Property Type:
Commercial
City:
Saint Paul
County:
Ramsey
Year Built:
1930
State:
MN
Property Style:
Apartment, Low Rise
Zip Code:
55104
Neighborhood/Area:
Hamline-Midway
Interior
Ranges:
One Per Unit
Refrigerators:
One Per Unit
Exterior
Other Parking Spaces:
0
Foundation Size:
9,120 ft2
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
- Off Site
- Open
- Paved
Shared Amenities:
Coin-op Laundry Owned
Exterior Material:
Brick/Stone
Lot & Land
Acres:
0.13
Geolocation:
44.960685, -93.167459
Inclusions:
Building
Lot Dimensions:
50 x 122 x 53 x 122
Zoning:
- Business/Commercial
- Residential-Multi-Family
Schools
School District:
625
District Phone:
651-767-8100
Financial & Taxes
Tax Year:
2023
Annual Taxes:
$32,830
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$34,078
Units
Total Units:
19
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
Electric Separate
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of Bridge Realty, LLC.
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.