For Sale: Saint Paul MLS# 6819027
Active
NEW!
$224,900
Multi-family: Duplex Up and Down
Built 1923
2,011 sqft • 0.13 acres
St. Paul schools
MLS# 6819027
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Property Description
This property is being sold at a discount and has strong cash flow possibilities. A contractor has provided an estimate of $24, 200 for recommended updates. No repairs have been started, and the property is already priced below market to reflect this. When repairs are completed, the after-repair value (ARV) is estimated to be $260, 000, making this an excellent value-add opportunity.
The lower-level unit is leased through December 2026 at $1, 300/month, providing stable, long-term income. When both units are occupied, the property cashflows, making it ideal for buy-and-hold investors. Buyers are encouraged to conduct their own due diligence.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$224,900
Price per sq ft:
$112
Property Type:
Multi-family
City:
Saint Paul
Garage Spaces:
0
County:
Ramsey
Year Built:
1923
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55106
Neighborhood/Area:
Dayton's Bluff
Interior
Finished Area:
2,011 ft2
Living Area:
2,011 ft2
Basement Details:
Block
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
1,051 ft2
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
Gravel
Shared Amenities:
None
Exterior Material:
Slate
Lot & Land
Acres:
0.13
Geolocation:
44.9658988016, -93.048933
Lot Dimensions:
46*127
Schools
School District:
625
District Phone:
651-767-8100
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$3,484
Annual Maintenance Expense:
None
Annual Gross Expense:
$4,344
Annual Trash Expense:
$72
Annual Water/Sewer Expense:
None
Tenant Expenses:
Electricity, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$2,908
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$2,908
Income
Annual Gross Income:
$15,600
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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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.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of eXp Realty.
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.