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For Sale:  Saint Paul MLS# 6719567

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Active NEW!
$384,900
/mo Edit
Multi-family:  Duplex Side by Side
Built 1967
2,420 sqft • 0.19 acres
St. Paul schools
MLS# 6719567
612-555-5555
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    Property Description

    Investment Alert! Seize this exceptional opportunity to own a meticulously maintained side-by-side duplex, ideally situated just five blocks from the recreational haven of Lake Phalen and backing directly onto the scenic Bruce Vento Trail! This income-generating property delivers immediate cashflow or the chance for owner occupancy. On one side, a spacious 3-bedroom, 1.5-bathroom unit is securely leased through August 2025, generating a solid $1, 700 per month. The adjacent 2-bedroom, 1-bathroom unit offers flexible income with a month-to-month tenancy currently at $1, 300 per month. Both units benefit from a convenient shared laundry area featuring a new washer and dryer (2019) and abundant dedicated storage space. This isn't just about location ??? significant recent investments ensure worry-free ownership. Imagine a resurfaced asphalt driveway (2021) leading to updated garage with new door openers, rails, springs and rollers (2019). Above, a brand-new roof, gutters, fascia, and soffit (2022) provide lasting protection. Inside, tenants enjoy comfort with new, efficient Furnace and A/C units installed in 2022, backed by an impressive 10-year parts & labor warranty! A 2019 radon mitigation system and updated windows add peace of mind. Plus, both units feature updated appliances, enhancing tenant satisfaction. Beyond the property itself, the location is unbeatable. Residents enjoy effortless access to the outdoor activities and beauty of Lake Phalen and can step directly onto the Bruce Vento Trail for biking, walking, and recreation. Adding to the investment appeal, the property holds a Rental License and Certificate of Occupancy valid through 2031, streamlining operations for the new owner. Don't miss this chance to acquire a turnkey investment property in a sought-after St. Paul location, offering immediate cashflow, recent high-value upgrades, and exceptional tenant appeal!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $384,900
    Price per sq ft: $159
    Property Type: Multi-family
    City: Saint Paul
    Garage Spaces: 2
    County: Ramsey
    Year Built: 1967
    State: MN
    Property Style: Duplex Side by Side
    Zip Code: 55106
    Neighborhood/Area: Greater East Side
    Subdivision Name: Lakeview Add 1

    Interior

    Finished Area: 2,420 ft2
    Living Area: 2,420 ft2
    Ranges: Two
    Refrigerators: Two
    Basement Details:
    • Block
    • Concrete
    • Daylight/Lookout Windows
    • Drainage System
    • Egress Window(s)
    • Finished
    • Shared Access
    • Storage Space
    • Storage/Locker
    • Sump Pump

    Exterior

    Stories: One
    Garage Spaces: 2
    Garage Size: 450 ft2
    Foundation Size: 1,160 ft2
    Fencing: Chain Link
    Handicap Accessible: None
    Heating System: Forced Air
    Parking Features: Detached
    Shared Amenities: Laundry
    Road Frontage:
    • City Street
    • Sidewalks
    Exterior Material: Stucco
    Roof Details:
    • Age 8 Years or Less
    • Asphalt

    Lot & Land

    Acres: 0.19
    Geolocation: 44.9882369415, -93.0446592512
    Lot Dimensions: 60 x 134 x 60 x 137
    Zoning: Residential-Multi-Family
    Lot Description: Some Trees

    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: None
    Annual Maintenance Expense: $1,000
    Annual Gross Expense: $3,100
    Annual Trash Expense: $1,100
    Annual Water/Sewer Expense: $1,000
    Tenant Expenses: Cable TV, Electricity, Gas

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $5,544
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $5,544

    Income

    Annual Gross Income: $36,000

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Listing provided by RMLS, courtesy of Northstar Real Estate Associates.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.