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For Sale:  Saint Paul MLS# 6825199

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Active NEW!
$364,500
/mo Edit
Multi-family:  Four Plex
4 br • 4 ba • Built 1900
2,808 sqft • 0.1 acres
MLS# 6825199
763-576-8286
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    Property Description

    St. Paul 4plex. Great opportunity for investors or owner occupant buyers looking for rents that pay the mortgage. Unit #1 is vacant with 2 bedrooms and ready for occupancy with an estimated rent value of $1, 600 per section 8 payment standard. Unit #2 is an efficiency rented for $1, 145 per month fully subsidized by Housing Support and exempt from rent stabilization. Unit #3 is a one bedroom rented for $750 per month with a long-term market tenant. Unit #4 is a one bedroom rented for $1, 272 per month fully subsidized by Section 8 and exempt from rent stabilization. Occupy one unit and collect rents to pay your mortgage or rent out all 4 units for a high return. The property presents the opportunity for big cash flow with big upside, priced with room to build equity immediately. In addition to the 4 units, the building has a partially finished attic with plenty of ceiling height that provides an opportunity to expand existing units or possibly add a 5th unit. Electric meters are separate and billed directly to tenants. Owner pays gas water and trash.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $364,500
    Price per sq ft: $130
    Property Type: Multi-family
    City: Saint Paul
    Garage Spaces: 0
    County: Ramsey
    Year Built: 1900
    State: MN
    Property Style: Four Plex
    Zip Code: 55117
    Neighborhood/Area: 97

    Interior

    Bedrooms: 4
    Bathrooms: 4
    Finished Area: 2,808 ft2
    Living Area: 2,808 ft2
    Basement Details:
    • Partial
    • Shared Access

    Exterior

    Stories: Two
    Garage Spaces: 0
    Foundation Size: 1,404 ft2
    Handicap Accessible: None
    Heating System:
    • Baseboard
    • Forced Air

    Lot & Land

    Acres: 0.1
    Geolocation: 44.964243, -93.100786
    Lot Dimensions: 40 x 109
    Zoning: Residential-Multi-Family

    Schools

    School District: 2102
    District Phone: 6517678100

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $1,200
    Annual Fuel Expense: $2,400
    Annual Insurance Expense: $3,000
    Annual Maintenance Expense: $1,200
    Annual Trash Expense: $1,600
    Annual Water/Sewer Expense: $2,400

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $5,320
    Lender-owned: No
    Assessment Pending: Yes
    Taxes w/ Assessments: $6,946

    Income

    Annual Gross Income: $57,204
    Misc. Annual Income: None
    Misc. Monthly Income: None

    Rent

    Annual Net Income: $37,258

    Units

    Total Units: 4

    Miscellaneous

    Fuel System: Natural Gas
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    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!

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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.