For Sale: South Saint Paul MLS# 7147426
Active
$699,900
Commercial: 2 Stories
10 br • 6 ba • Built 1968
0.229 acres
South St. Paul schools
MLS# 7147426
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Property Description
Easy to own and manage solid 6 unit brick building with history of only 3 owners in the past 58 years. Located in a lovely tree lined residential neighborhood, award winning schools, close to parks, MTC bus line, major freeways and major employers. All leases are month-to-month, with history of very low vacancy rate. Five 2 bedroom units and one efficiency, on site laundry, and 6 assigned parking spots. Apts 1&3 were totally rebuilt in 2021, including stud walls, elec, plumb, etc. Residents pay their own electric, except for the efficiency, where owner pays all utilities. Owner pays heat, water and sewer, house electric, garbage. New roof in 2011, new water heater 2021, new parking lot 2022, new chimney liner and venting 2025, new hot water heating system May 2026.
City of South St Paul does not have rent control.
City of South St Paul does require a rental license.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$699,900
Property Type:
Commercial
City:
South Saint Paul
Garage Spaces:
0
County:
Dakota
Year Built:
1968
State:
MN
Property Style:
2 Stories
Zip Code:
55075
Subdivision Name:
Hepburn Park
Interior
Bedrooms:
10
Bathrooms:
6
Refrigerators:
Six or More
Appliances Included:
- Dryer
- Exhaust Fan
- Gas Water Heater
- Range
- Refrigerator
- Washer
Basement Details:
- Block
- Finished
Exterior
Stories:
Two
Garage Spaces:
0
Air Conditioning:
Wall Unit(s)
Foundation Size:
3,000 ft2
Foundation Dimensions:
50 x 60
Fencing:
None
Handicap Accessible:
None
Heating System:
- Baseboard
- Hot Water
- Radiator
Parking Features:
- Assigned
- Parking Lot
- Paved Lot
Unit Amenities:
Ceiling Fan(s)
Roof Details:
- Age Over 8 Years
- Asphalt
- Pitched
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.229
Geolocation:
44.88747, -93.035703
Inclusions:
Building, Fixture/Equipment, Land, Leases
Lot Dimensions:
80 x 125
Zoning:
Residential-Multi-Family
Schools
School District:
6
District Phone:
6514579400
Expenses
Annual Caretaker Expense:
$151
Annual Electric Expense:
$769
Annual Fuel Expense:
$4,498
Annual Insurance Expense:
$7,945
Annual Maintenance Expense:
$1,500
Annual Trash Expense:
$2,244
Annual Water/Sewer Expense:
$3,447
Tenant Expenses:
Broadband, Cable TV, Electricity, Telephone
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$10,964
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$10,964
Income
Annual Gross Income:
$100,500
Units
Total Units:
6
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
Power Company Name:
Xcel Energy
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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.
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Listing provided by RMLS,
courtesy of Maxwell Blue Real Estate.
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.