$859,000
South Saint Paul, MN 55075
MLS# 6512166
1 / 13
Property Description
Solid 6 unit brick building, with new secure exterior doors, new parking lot, located in a lovey tree lined residential neighborhood, good schools, close to library, parks and pools, MTC bus lines, major freeways and major employers. All leases are month-to-month, with history of very low vacancy rate. Five 2 bedroom units and one studio, on sight laundry, and 6 assigned parking spots. Dogs allowed. Building sustained fire damage summer of 2020, units #1 & #3, were fully rebuilt. Residents pay their own unit electric, except for studio, where owner pays all utilities. Owner pays heat, water and sewer, house electric, garbage. New roof in 2011, new water heater in 2021, new parking lot in 2022. City of South St Paul does NOT have rent control. A rental license is required.
Details
Documents
Contract Information
Digitally Altered Photos: No
Status: Active
Current Price: $859,000
Contingency: None
ListPrice: 859000
List Date: 2024-04-01
Owner is an Agent?: Yes
Auction?: No
Office/Member Info
Association: SPAAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 6
Owner Occupied: No
Year Built: 1968
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 3000
Power Company: Xcel Energy
For Sale or Lease: For Sale
Acres: 0.22
Lot Dimensions: 80 x 125
Location, Tax and Other Information
Legal Description: HEPBURN PARK block 15 ALL OF LOTS 12 & 13
Listing City: South Saint Paul
Map Page: 122
Municipality: South Saint Paul
School District Phone: 651-457-9400
House Number: 247
Street Name: 2nd
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: South Saint Paul
County: Dakota
State: MN
Zip Code: 55075
Zip Plus 4: 8454
Property ID Number: 363255015130
Complex/Dev/Subdivision: Hepburn Park
Tax Year: 2024
Tax Amount: 10902
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Solid 6 unit brick building, with new secure exterior doors, new parking lot, located in a lovey tree lined residential neighborhood, good schools, close to library, parks and pools, MTC bus lines, major freeways and major employers. All leases are month-to-month, with history of very low vacancy rate. Five 2 bedroom units and one studio, on sight laundry, and 6 assigned parking spots. Dogs allowed. Building sustained fire damage summer of 2020, units #1 & #3, were fully rebuilt. Residents pay their own unit electric, except for studio, where owner pays all utilities. Owner pays heat, water and sewer, house electric, garbage. New roof in 2011, new water heater in 2021, new parking lot in 2022. City of South St Paul does NOT have rent control. A rental license is required.
Directions: On 2nd Ave S, between Southview Blvd and 3rd Street.
Assessments
Tax With Assessments: 10902
Basement
Foundation Dimensions: 50 x 60
Building Information
Building Finished SqFt: 5776
Building SqFt: 6000
Income and Expenses
Annual Caretaker Expense: 900
Annual Electric Expense: 2218
Annual Fuel Expense: 3700
Annual Gross Income: 89940
Annual Insurance Expense: 5090
Annual Maintenance Expense: 900
Annual Repair Expense: 820
Annual Trash Expense: 960
Annual Water/Sewer Expense: 2200
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 22
Section#: 27
Township#: 28
Sale Options
Sale Includes: Building, Land
Unit 2
No. of 2 Bedroom Units: 5
Unit Details
Total Units: 6
Unit Information
No. of Efficiency Units: 1
Property Features
Accessible: None
Appliances: Dryer; Exhaust Fan/Hood; Range; Refrigerator; Washer
Assumable Loan: Not Assumable
Basement: Concrete Block; Daylight/Lookout Windows; Finished (Livable)
CMU Style: Apartments/Multi Family; Low Rise
Construction Status: Previously Owned
Current Use: Residential
Exterior: Brick/Stone
Fuel: Natural Gas
Heating: Boiler
Loan Terms: Cash; Conventional
Lock Box Type: None
No. of Ranges: Six or More
No. of Refrigerators: Six or More
On Site Utilities: Electric Common; Electric Separate; Heating Common; Hot Water Common
Parking Characteristics: Parking Lot
Rental License Type: Standard
Road Frontage: City Street
Roof: Age Over 8 Years; Asphalt Shingles
Sewer: City Sewer/Connected
Tenant Pays: Cable TV; Electricity; Telephone
Water: City Water/Connected
layout.pdf 
Listing Office: Maxwell Blue Real Estate
Last Updated: May - 05 - 2024
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