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$ 364,500
Est. payment | /mo
4 Beds
4 Baths
2,808 SqFt
$ 364,500
Est. payment | /mo
4 Beds
4 Baths
2,808 SqFt
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,808 sqft
Price per Sqft $129
MLS Listing ID 6825199
Bedrooms 4
Year Built 1900
Annual Tax Amount $5,319
Tax Year 2025
Contingent None
Lot Size 4,356 Sqft
Lot Dimensions 40x109
Property Sub-Type Fourplex
Property Description
St. Paul 4plex. $4,766 in monthly rental income. Great opportunity for investors or owner occupant buyers looking for rents that pay the mortgage. Unit #1 is a two bedroom rented for $1,565 per month ( $1,470 subsidized by section 8) and is exempt from rent stabilization. Unit #2 is an efficiency rented for $1,179 per month fully subsidized by Housing Support and exempt from rent stabilization. Unit #3 is a one bedroom rented for $750 per month with a long-term market tenant. Unit #4 is a one bedroom rented for $1,272 per month fully subsidized by Section 8 and exempt from rent stabilization. Occupy one unit and collect rents to pay your mortgage or rent out all 4 units for a high return. The property presents the opportunity for big cash flow with big upside, priced with room to build equity immediately. In addition to the 4 units, the building has a partially finished attic with plenty of ceiling height that provides an opportunity to expand existing units or possibly add a 5th unit. Electric meters are separate and billed directly to tenants. Owner pays gas water and trash.
Location
State MN
County Ramsey
Zoning Residential-Multi-Family
Rooms
Basement Partial, Shared Access
Interior
Heating Baseboard, Forced Air
Fireplace No
Building
Story Two
Foundation 1404
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
New Construction false
Schools
School District St. Paul
Listed by Christopher Cornet • Bridge Realty, LLC
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