CLASSIC ALL BRICK 6-UNIT LOCATED IN THE HEART OF THE MIDWAY IN SAINT PAUL, MN. THIS BUILDING IS VERY CLEAN AND VERY WELL MAINTAINED BY THE CURRENT LONG TERM OWNER! THERE ARE FOUR ONE-BEDROOM AND ONE EFFICIENCY APARTMENTS, PLUS A MAIN FLOOR OFFICE COMMERCIAL SPACE. THE OFFICE UNIT HAS POTENTIAL TO BE CONVERTED INTO ANOTHER ONE BEDROOM APARTMENT OR COMBINED WITH THE APARTMENT NEXT DOOR. ALL THE UNITS ARE EASY TO KEEP RENTED WITH PROVIDED OFF-STREET PARKING AND HEAT, WATER, AND TRASH INCLUDED IN RENT. EACH TENANT PAYS FOR THEIR OWN SEPARATE ELECTRIC SERVICE. THE PITCHED ROOF HAS BEEN REPLACED IN THE LAST 12 YEARS AND HAS BEEN RECENTLY CHECKED FOR STORM DAMAGE WHICH THERE IS NONE. THERE IS ORIGINAL HARDWOOD FLOORS AND TRIM THROUGHOUT THE PROPERTY WHICH GIVES IT CHARACTER FROM WHEN IT WAS BUILT IN 1922. THE OFF-STREET PARKING LOT IN THE REAR GIVES RESIDENTS A SAFE PLACE TO PARK. THE LOWER LEVEL BASEMENT HAS ADDITIONAL POTENTIAL TO IMPROVE INCOME BY ADDING RENTABLE STORAGE UNITS OR ANOTHER 7TH UNIT. CURRENTLY 100% OCCUPIED. A NEW OWNER CAN RAISE RENTS ON LEASE RENEWALS TO CAPTURE A HIGHER RETURN ON INVESTMENT! THE SELLER WOULD CONSIDER AN OFFER WITH OWNER FINANCING!! $579,900.00
Listed by: Apartment Cash Flow, Inc.
TALK WITH AN AGENT & SCHEDULE A SHOWING
Mike Wilen
Licensed Real Estate Agent
612-400-9000
info@WilenRealEstate.com
