For Sale: Saint Paul MLS# 6741031
Active
$399,900
Multi-family: Four Plex
Built 1889
4,326 sqft • 0.1 acres
St. Paul schools
MLS# 6741031
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Property Description
Turnkey Investment Opportunity – Fully Rented 4-Unit in St. Paul. Don’t miss this excellent income-producing property in the heart of St. Paul! This well-maintained fourplex features four 1-bedroom / 1-bathroom units, all currently rented and generating steady cash flow.
Each unit includes:
Private forced air heating system with individual thermostat, Dedicated 50 Amp electrical panel,
Individual 40-gallon water heater.
Utilities: Tenants pay gas and electric, Owner pays trash, water, sewer, lawn care, snow removal, and common area electricity.
Additional Amenities:
Off-street parking behind the building,
Lockable basement storage units for each tenant,
Coin-operated washer and dryer in the basement for added income.
Close to shopping, bike trails, and public transit.
This property offers low-maintenance ownership with separate mechanicals for each unit, making it ideal for both seasoned investors and those new to multifamily real estate. Fully rented and ready to produce income from day one. Schedule your showing today!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$399,900
Price per sq ft:
$92
Property Type:
Multi-family
City:
Saint Paul
Garage Spaces:
0
County:
Ramsey
Year Built:
1889
State:
MN
Property Style:
Four Plex
Zip Code:
55106
Neighborhood/Area:
Payne-Phalen
Subdivision Name:
Howards Add To St Paul
Interior
Finished Area:
4,326 ft2
Living Area:
4,326 ft2
Basement Details:
Unfinished
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
2,163 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Exterior Material:
Stucco
Lot & Land
Acres:
0.1
Geolocation:
44.971482, -93.062767
Lot Dimensions:
Irregular
Schools
School District:
625
District Phone:
651-767-8100
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$323
Annual Fuel Expense:
None
Annual Insurance Expense:
$4,830
Annual Maintenance Expense:
$795
Annual Gross Expense:
$17,802
Annual Trash Expense:
$1,203
Annual Water/Sewer Expense:
$990
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$6,932
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$6,932
Income
Annual Gross Income:
$42,825
Units
Total Units:
4
Miscellaneous
Fuel System:
- Electric
- Natural Gas
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of HomeAvenue Inc.
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.