$770,000
$799,900
3.7%For more information regarding the value of a property, please contact us for a free consultation.
4,628 SqFt
SOLD DATE : 10/14/2019
Key Details
Sold Price $770,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,628 sqft
Price per Sqft $166
Subdivision Schroeders Add To, The Circle
MLS Listing ID 5288178
Sold Date 10/14/19
Year Built 1922
Annual Tax Amount $9,852
Tax Year 2018
Contingent None
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 45x101
Property Description
Beautiful original stucco 4 plex in the heart of Merriam Park/Union Park Saint Paul. This is under a mile to St Thomas and just 5 blocks to Macalester college, also close to Concordia, St Kates, Hamline and William Mitchell. Very large spacious 3 sided apartments that feel like duplex units with original buffets, charming woodwork and spacious closets. Each unit has potential to add a third bedroom to the apartment to really increase rental income bringing the total bedroom count to 12. Going rental rate in the neighborhood is $700 per bedroom. All units are leased 3 of the apartments have nice upgrades including refinished hardwood floors. New membrane roof, new laundry equipment and new high efficiency boiler. Dry unfinished basement with possible potential for expansion. Currently rents are below market. Steps to Whole Foods, Starbucks, mass transit and Grand Ave. Turn key investment opportunity in a highly desirable blue chip neighborhood.
Location
State MN
County Ramsey
Zoning Residential-Multi-Family
Rooms
Family Room Other
Basement Block, Daylight/Lookout Windows, Full
Interior
Heating Boiler, Hot Water, Radiant
Fireplace No
Exterior
Roof Type Age 8 Years or Less, Flat
Building
Lot Description Public Transit (w/in 6 blks), Corner Lot
Story Two
Foundation 2314
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Brick/Stone, Stucco
New Construction false
Schools
School District St. Paul
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