$140,000
Saint Paul, MN 55103
MLS# 6354977
Status: Closed
6 beds | 2 baths | 2658 sqft
1 / 27
Property Description
CASH BUYERS ONLY. Ideal buyer would want to hold as long term rental, after repair value 275-325 K or HIGHER with 36K a year income ! Great ROI ! Property is a multi-unit building with two mirrored units, each with three bedrooms 1 bath. Each unit has a living/dining room, kitchen, and bathroom towards the back. Two bedroom in each unit are smaller with closets while the largest third bedroom/living room has plenty of wall space for wardrobe and nice bay windows facing the front. The main unit has newer LVP flooring and mild popcorn ceilings while the upper unit has older tiled ceilings and wood flooring that could be refinished. Kitchen and bath in upper unit need new LVP. Off-street parking available. Exterior needs work and paint. Property was vandalized and needs new copper in basement, boilers, and hot water heaters. Two front porches add to curb appeal. Income is based on owner's past rental history of $ 1497 per unit. REFI AFTER REHAB !
Details
Documents
None
MLSID: RMLS
Contract Information
Status: Closed
Off Market Date: 2023-05-01
Contingency: None
Current Price: $140,000
Closed Date: 2023-05-08
Original List Price: 159900
ListPrice: 159800
Sales Close Price: 140000
List Date: 2023-04-13
Owner is an Agent?: No
Auction?: No
Office/Member Info
Association: SPAAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Year Built: 1915
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bedrooms: 6
Bath Full: 2
Baths Total: 2
Main Floor Total SqFt: 880
Above Ground SqFt: 1772
Below Grd Total SqFt: 886
Total SqFt: 2658
Foundation Size: 886
Style: (MF) Duplex Up and Down
Total Finished Sqft: 1772.00
Power Company: Xcel Energy
Lot Dimensions: 32X 124
Acres: 0.09
Location, Tax and Other Information
Legal Description: MICHELS SUBDIVISION OF BLK 5 W 32 FT OF E 80 FT OF LOTS 28 THRU LOT 30 BLK 2
Listing City: Saint Paul
Map Page: 108
Municipality: Saint Paul
Rental License?: No
School District Phone: 651-767-8100
House Number: 565
Street Name: Thomas
Street Suffix: Avenue
Postal City: Saint Paul
County: Ramsey
State: MN
Zip Code: 55103
Zip Plus 4: 2026
Property ID Number: 362923220209
Complex/Dev/Subdivision: Michels Sub Of Blk 5
Tax Year: 2023
In Foreclosure?: No
Tax Amount: 3155.68
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: CASH BUYERS ONLY. Ideal buyer would want to hold as long term rental, after repair value 275-325 K or HIGHER with 36K a year income ! Great ROI ! Property is a multi-unit building with two mirrored units, each with three bedrooms 1 bath. Each unit has a living/dining room, kitchen, and bathroom towards the back. Two bedroom in each unit are smaller with closets while the largest third bedroom/living room has plenty of wall space for wardrobe and nice bay windows facing the front. The main unit has newer LVP flooring and mild popcorn ceilings while the upper unit has older tiled ceilings and wood flooring that could be refinished. Kitchen and bath in upper unit need new LVP. Off-street parking available. Exterior needs work and paint. Property was vandalized and needs new copper in basement, boilers, and hot water heaters. Two front porches add to curb appeal. Income is based on owner's past rental history of $ 1497 per unit. REFI AFTER REHAB !
Directions: 94 to Dale, North to Thomas Ave. E to duplex.
Assessments
Assessment Balance: 1142.32
Tax With Assessments: 4298
Building Information
Finished SqFt Above Ground: 1772
Income and Expenses
Annual Gross Expenses: 6130
Annual Gross Income: 36000
Annual Insurance Expense: 1501
Annual Maintenance Expense: 500
Annual Repair Expense: 750
Annual Trash Expense: 400
Annual Water/Sewer Expense: 300
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
DP Resource: Yes
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 23
Section#: 36
Township#: 29
Unit 1
Furnished?: N
Leased?: N
Unit Number: 1
Annual Rent: 17520
Finished SqFt: 886
Full Baths: 1
Monthly Rent: 1500
No. of Units Like This: 2
Total Baths: 1
Total Bedrooms: 3
Total Rooms: 5
Unit Details
Total Units: 2
Property Features
Accessible: None
Amenities Shared: Porch
Assumable Loan: Not Assumable
Basement: Full
Construction Status: Previously Owned
Electric: 100 Amp Service; Circuit Breakers
Exterior: Wood
Fencing: None
Financing Terms: Cash
Fuel: Natural Gas
Heating: Boiler
Laundry: Common Area
No. of Ranges: One
No. of Refrigerators: Two
Owner Pays: Insurance; Trash Collection; Water
Parking Characteristics: Uncovered/Open
Patio, Porch and Deck Features: Covered; Front Porch
Road Frontage: City Street; Curbs; Paved Streets; Sidewalks
Road Responsibility: Public Maintained Road
Roof: Asphalt Shingles; Pitched
Sellers Terms: Cash
Sewer: City Sewer/Connected
Stories: Two
Tenant Pays: Electricity; Fuel
Water: City Water/Connected
TISH 565 Thomas 6-9-2022.pdf 
Listing Office: Realty Group, LLC
Last Updated: May - 09 - 2024
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