For Sale: Saint Paul MLS# 6702882
Active
NEW!
$1,550,000
Commercial: Apartments
Built 1926
0.15 acres
St. Paul schools
MLS# 6702882
Open Houses
2p - 4p
2p - 4p
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Property Description
412, 418 & 422 Pierce Street is a 3 building, 15 unit complex near the new Allianz Field in the Snelling / Midway neighborhood of St. Paul. Each unit includes 2 bedrooms and 1 bathroom. The buildings were both completely renovated approximately 6 years ago, featuring granite countertops & stainless appliances. The roof of 418 was recently replaced. This is a 1 property of a portfolio. See 184 Saratoga MLS #6702604, / 382 Fry St - MLS #6702960 / 386 Fry St - MLS #6702957 / 423 Fry St - MLS# 6702947 / 429 Fry St - MLS #6702936. Seller prefers to sell these as a package. Willing to look at individual offers on each property. They offer immediate cash flow and long-term upside potential. Creating a rare chance to acquire largely renovated, stabilized assets in a prime urban location.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,550,000
Property Type:
Commercial
City:
Saint Paul
Garage Spaces:
0
County:
Ramsey
Year Built:
1926
State:
MN
Property Style:
Apartments
Zip Code:
55104
Neighborhood/Area:
Merriam Park/Lexington-Hamline
Subdivision Name:
Milham Park, Ramsey Co, , Minn
Exterior
Garage Spaces:
0
Other Parking Spaces:
14
Air Conditioning:
Window Unit(s)
Foundation Size:
4,752 ft2
Handicap Accessible:
None
Heating System:
- Boiler
- Steam
Parking Features:
- Assigned
- Parking Lot
- Paved
Exterior Material:
- Brick/Stone
- Stucco
Lot & Land
Acres:
0.15
Geolocation:
44.953657, -93.170442
Inclusions:
Building
Lot Dimensions:
120 x 111
Zoning:
Residential-Multi-Family
Schools
School District:
625
District Phone:
651-767-8100
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
$11,000
Annual Insurance Expense:
$20,396
Annual Maintenance Expense:
$8,000
Annual Gross Expense:
$51,073
Annual Trash Expense:
$3,600
Annual Water/Sewer Expense:
$3,000
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$34,451
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$12,364
Income
Annual Gross Income:
$201,492
Units
Total Units:
15
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
Electric Separate
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of eXp 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.