For Sale: Saint Paul MLS# 6642470
Active
NEW!
$1,147,000
Commercial: Other
Built 1890
0.16 acres
St. Paul schools
MLS# 6642470
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
This historic 8-unit brownstone in St. Paulâ??s Summit-University features 7-2 bedroom, and 1-1 bedroom units, each with 10ft+ ceilings, hardwood floors, natural woodwork, split entrances, and original wood details like built-in buffets, beams, cabinets and woodwork.
Perfect for the work-from-home investor with separated living/work areas and balconies.
Units are spacious and the extra space is commonly used as a 3rd bedroom or office.
A sought-after & walkable location near dining and shops, off-street parking creates strong rental demand.
Spacious storage in the basement with a partially finished bathroom and coin-operated laundry machines owned by the seller.
Investors hedge their risk against utility inflation with tenants having separate meters for Gas & electricity. Tenants pay their own heat and new owners could implement "RUBs" to charge back for water, sewer & trash.
Rents are below market and 7/8 tenants are currently MTM giving investors the flexibility to implement their own leases & procedures upon acquisition.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,147,000
Property Type:
Commercial
City:
Saint Paul
Garage Spaces:
0
County:
Ramsey
Year Built:
1890
State:
MN
Property Style:
Other
Zip Code:
55102
Neighborhood/Area:
Summit-University
Subdivision Name:
Woodland Park Addition, To St
Interior
Ceiling Height:
11-15
Exterior
Stories:
Three Or More
Garage Spaces:
0
Other Parking Spaces:
5
Air Conditioning:
None
Foundation Size:
3,216 ft2
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
Parking Lot
Shared Amenities:
Coin-op Laundry Owned
Unit Amenities:
- Balcony
- Ceiling Fan(s)
- Deck
Exterior Material:
Brick/Stone
Roof Details:
- Age Over 8 Years
- Flat
- Rubber
Rooms
Shared Rooms:
Other
Lot & Land
Acres:
0.16
Geolocation:
44.943671, -93.124771
Inclusions:
Building, Land, Leases
Lot Dimensions:
50 x 143
Zoning:
- Business/Commercial
- Residential-Multi-Family
Schools
School District:
625
District Phone:
651-767-8100
Expenses
Annual Electric Expense:
$1,500
Annual Fuel Expense:
None
Annual Insurance Expense:
$11,698
Annual Trash Expense:
$1,996
Annual Water/Sewer Expense:
$2,722
Tenant Expenses:
Electricity, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$24,812
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$25,768
Income
Annual Gross Income:
$143,100
Units
Total Units:
8
Miscellaneous
Current Use:
Commercial
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Common
Water System:
City Water/Connected
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
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 MRG Realty Partners, 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.