Well maintained 8 unit apartment building on Grand Ave! Six studios, 1-one bedroom and 1-two bedroom. Boilers were certified 2 months ago, and water heater new in May. Tenants are on a month to month with a 60 day notice. All tenants have been long term- one at 10 years, two at 6 years who recently moved, 4 tenants at 3 years and one at less than a year. Lower level one bedroom unit has a new kitchen, flooring and fresh paint throughout. Front and back door entry way flooring new. Three parking spaces available in back. Original charm was maintained while adding modern conveniences.
- Price:
- $950,000
- Bedrooms:
- 3
- Square Footage:
- 3,995
- Acreage:
- 0.14
- Year Built:
- 1925
- Listing ID #:
- NST6256026
- Street Address:
- 1200 Grand Ave
- City:
- Saint Paul
- State:
- Minnesota
- Postal Code:
- 55105
- County:
- Ramsey
- Subdivision:
- Manson & Simontons, Addition
- Listing Status:
- Active
- Listing Type:
- Commercial Sale
School District: 625
- Construction Type:
- Stucco
- Number Of Units:
- 8
- Total Building Square Footage:
- 3995
- Year Built:
- 1925
- Annual Electric Expenses:
- 928
- Annual Insurance Expenses:
- 3900
- Annual Trash Expenses:
- 3500
- Annual Water/Sewer Expenses:
- 2200
- Gross Income:
- 79632
- Net Operating Income:
- 63240
- Operating Expense:
- 31678
- Existing Land Use:
- Residential
- Lot Measurement Type:
- Acres
- Zoning Description:
- Residential-Multi-Family
- Association Amenities:
- Patio
- Days On Market:
- 59
- Included In Sale:
- Building, Land
- Originating Mls:
- Northstar
- Property Taxes:
- $14,973
- Tax Year:
- 2022
- Parking Description:
- Concrete, Open
- Appliances:
- Range, Refrigerator
- Existing Water:
- City Water/Connected
- Heating:
- Baseboard, Hot Water
- Sewage Type:
- City Sewer/Connected
- Utilities:
- Electric Separate, Heating Common, Hot Water Common
- Unit 1 Monthly Rent:
- 1060
- Unit 1 Square Footage:
- 594
- Unit 1 Total Bathrooms:
- 1
- Unit 1 Total Bedrooms:
- 2
- Unit 2 Monthly Rent:
- 820
- Unit 2 Square Footage:
- 297
- Unit 2 Total Bathrooms:
- 1
- Unit 3 Monthly Rent:
- 870
- Unit 3 Square Footage:
- 297
- Unit 3 Total Bathrooms:
- 1
- Unit 4 Monthly Rent:
- 695
- Unit 4 Square Footage:
- 297
- Unit 4 Total Bathrooms:
- 1
- Unit 5 Monthly Rent:
- 880
- Unit 5 Square Footage:
- 297
- Unit 5 Total Bathrooms:
- 1
- Unit 6 Monthly Rent:
- 820
- Unit 6 Square Footage:
- 297
- Unit 6 Total Bathrooms:
- 1
- Unit 7 Monthly Rent:
- 795
- Unit 7 Square Footage:
- 297
- Unit 7 Total Bathrooms:
- 1
- Unit 8 Monthly Rent:
- 925
- Unit 8 Square Footage:
- 411
- Unit 8 Total Bathrooms:
- 1
- Unit 8 Total Bedrooms:
- 1
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By Edina Realty
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