Acres0.15
Year1915
Brandon Hedges & Matt Barker
(612) 730-6717
Status:
Active
Property Type:Apartment
MLS #:6420946
On Site:111 Days
Lot Size:0.15 Acres
County:Ramsey
TOP-TIER LOCATION JUST STEPS FROM THE NEWLY BUILT $250MILLION ALLIANZ FIELD IN ST.PAUL, MN. BUILT IN 1915 THIS HISTORIC 5-UNIT IS FULLY RENTED AND PERFECT FOR THE PASSIVE INVESTOR! MAIN FLOOR AND UPPER FLOORS FEATURE LARGE 1,050+ SQFT TWO BEDROOM APTS WITH FRONT SUNROOMS. LOWER LEVEL HAS A ONE BEDROOM APT AND AN ADDITIONAL NON-CONFORMING OFFICE/STUDIO. LARGE REAR PARKING LOT WITH PLENTY OF OFF STREET PARKING SPOTS. RIGHT NOW THE PROPERTY IS 100% OCCUPIED! CURRENT IN PLACE CAP RATE IS 6.2%
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Community Information
Address:1609 Saint Anthony Avenue, Saint Paul, MN 55104
County:Ramsey
City:Saint Paul
School District:St. Paul
Neighborhood:Merriam Park/Lexington-Hamline
Zip Code:55104
Features / Amenities
Appliances: Range, Refrigerator
Patio/Porch Type: Front Porch, Rear Porch
Cooling: Window Unit(s)
Heating: Hot Water
Fuel: Natural Gas
Property Features
Lot Size:
0.15 Acres
Lot Dimensions:40 x 120
Lot Features: Public Transit (w/in 6 blks), Corner Lot
Topography: Level
Utilities: Electric Separate, Heating Common, Hot Water Common
Sewer: City Sewer/Connected
Water: City Water/Connected
Road Frontage: City Street, Paved Streets
Road Responsibility: Public Maintained Road
Zoning:Residential-Multi-Family
Directions:Highway 94 to Snelling / go north to St.Anthony and West to property
Tax and Financial Info
Sale Includes: Building, Land, Leases, Rental License
Tax Year: 2023
Tax Annual Amount: $7,600
Water / Sewer Expense: $4,134
Maintenance Expense: $2,000
Fuel Expense: $4,000
Electric Expense: $100
Insurance Expense: $3,200
Manager Expense: $1,200
Trash Expense: $900
Net Income: $38,75
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1609 Saint Anthony Avenue Saint Paul, MN 55104
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Listing Information Last Updated 12/7/2023
Listing provided courtesy of Apartment Cash Flow, Inc..
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