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$1,550,000

1 Beds 1 Baths 15,000 SQFT 0.19 Acres
Type: Commercial

1702 Laurel Avenue
Saint Paul, MN 55104

MLS#: 7099030
Laura Thooft
Laura Thooft
The Real Estate Advantage
Real Estate Professional
Phone: 952.239.6611
Office: 952.226.7700
Presented by: First Select

Property Description

 

Impeccable Merriam Park 13 unit in fantastic condition. Almost 100% occupancy for 10 years. Beautiful renovated corner apartments, refinished wood floors, new tile floor in bathrooms, tile back splash in kitchen, new appliances, new counter tops, new window shades, three new ceiling fans, 3 great closets, really quiet building. Also, the laundry room is exceptionally bright with new floors, new bright lighting, glass block windows for security and privacy and new laundry equipment. Each apartment also gets a huge storage locker that is 10 feet by 10 feet. Located just 3 blocks west of Snelling on Laurel you are a short walk to Starbucks, restaurants, bars and other shops and Whole Foods. Some off street parking that is open to any tenant.


 

Interior Features

Bedrooms

Total Bedrooms1

Bathrooms

Total Baths1

Other Interior Features

BasementBlock, Finished, Storage/Locker
Basement (Y/N)Yes
Ceiling Height8-10
Foundation Dimensions50x105
FuelNatural Gas

General

AccessibilityNone
Additional Parcels Y/NNo
Amenities UnitHardwood Floors, Natural Woodwork
AppliancesDishwasher, Range, Refrigerator
Carport Spaces0
CitySaint Paul
Construction MaterialsBrick, Frame
ContingencyNone
CoolingNone
CountyRamsey
Current UseResidential
DirectionsSummit Ave to Aldine St North to Laurel
Garage Spaces0
Gross Income201064
HeatingBoiler
High School DistrictSt. Paul
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Lot Size UnitsAcres
Net Operating Income105753
New ConstructionNo
Number Of Units Total13
Operating Expense95311
OwnerPaysExterior Maintenance, Gas, Grounds Care, Heat, Repairs, Management
PostalCitySaint Paul
Property TypeCommercial Sale
RoofAge 8 Years or Less
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameSchroeders Add To, The Circle
Tax Annual Amount$27,970
Tax Year2025
Tenant PaysElectricity, Telephone
UtilitiesElectric Separate, Heating Common, Hot Water Common
Year Built1920
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total15,000 sqft
Foundation Area5,500 sqft
InclusionsBuilding, Land
Lot Dimensions60x150
Lot FeaturesCorner Lot
Lot Size Area0 sqft
Parking FeaturesOpen
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

Middle School N/A
High School N/A
Elementary School N/A

  

Similar Properties

$1,550,000

1 Beds 1 Baths 15,000 SQFT 0.19 Acres
Type: Commercial

1702 Laurel Avenue
Saint Paul, MN 55104

MLS#: 7099030
Laura Thooft
Laura Thooft
The Real Estate Advantage
Real Estate Professional
Phone: 952.239.6611
Office: 952.226.7700