For Sale: Saint Paul MLS# 6735400
Active
$700,000
Commercial: Apartments
Built 1885
0.08 acres
St. Paul schools
MLS# 6735400
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Property Description
Introducing 251 Maria Avenue, a prime 9-unit multifamily property situated in the heart of the thriving Dayton’s Bluff neighborhood in Saint Paul, MN. Boasting a mix of eight 1-bedroom, 1-bathroom units and one studio apartment, this property offers stable configurations with high tenant demand. Located just minutes away from the newly constructed Gold Line Bus Rapid Transit (BRT) station, the asset is strategically positioned to capitalize on the area’s ongoing revitalization. 251 Maria Avenue presents an attractive value-add opportunity for savvy investors looking to enter this expanding market. The property's proximity to amenities and access to transportation make it a desirable option for tenants seeking convenience and modern urban living. Don't miss out on this chance to invest in a property with promising future returns in one of Saint Paul's up-and-coming neighborhoods. Seller is open to seller carry-back options.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$700,000
Property Type:
Commercial
City:
Saint Paul
Garage Spaces:
0
County:
Ramsey
Year Built:
1885
State:
MN
Property Style:
Apartments
Zip Code:
55106
Neighborhood/Area:
Dayton's Bluff
Subdivision Name:
Lyman Dayton Add
Exterior
Stories:
Three Or More
Garage Spaces:
0
Other Parking Spaces:
0
Foundation Size:
456 ft2
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
On-Street Parking Only
Exterior Material:
Stucco
Lot & Land
Acres:
0.08
Geolocation:
44.953293, -93.068941
Inclusions:
Building
Lot Dimensions:
80 x 45
Zoning:
Residential-Multi-Family
Schools
School District:
625
District Phone:
651-767-8100
Expenses
Annual Gross Expense:
$33,282
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$14,424
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$14,424
Income
Annual Gross Income:
$84,888
Rent
Annual Net Income:
$51,606
Units
Total Units:
9
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
Electric Separate
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of Keller Williams Premier 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.