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$749,900

10 Beds 6 Baths 6,000 SQFT 0.23 Acres
Type: Commercial

247 2nd Avenue S
South Saint Paul, MN 55075

MLS#: 7147426
Jennifer Ritzman
Jennifer Ritzman
The Real Estate Advantage
REALTOR, GRI
Phone: 507.298.1388
Office: 952.898.5800
Presented by: Maxwell Blue Real Estate

Property Description

 

Easy to own and manage solid 6 unit brick building with history of only 3 owners in the past 58 years. Located in a lovely tree lined residential neighborhood, award winning schools, close to parks, MTC bus line, major freeways and major employers. All leases are month-to-month, with history of very low vacancy rate. Five 2 bedroom units and one efficiency, on site laundry, and 6 assigned parking spots. Apts 1&3 were totally rebuilt in 2021, including stud walls, elec, plumb, etc. Residents pay their own electric, except for the efficiency, where owner pays all utilities. Owner pays heat, water and sewer, house electric, garbage. New roof in 2011, new water heater 2021, new parking lot 2022, new chimney liner and venting 2025, new hot water heating system May 2026. City of South St Paul does not have rent control. City of South St Paul does require a rental license.


 

Interior Features

Bedrooms

Total Bedrooms10

Bathrooms

Total Baths6

Other Interior Features

BasementBlock, Finished
Basement (Y/N)Yes
Foundation Dimensions50 x 60
FuelNatural Gas

General

AccessibilityNone
Additional Parcels Y/NNo
Amenities UnitCeiling Fan(s)
AppliancesDryer, Exhaust Fan, Gas Water Heater, Range, Refrigerator, Washer
CitySouth Saint Paul
ContingencyNone
CoolingWall Unit(s)
CountyDakota
Current UseResidential
DirectionsSouthview Blvd to 2nd Ave S.
Electric Expense769
Fuel Expense4498
Garage Spaces0
Gross Income100500
HeatingBaseboard, Hot Water, Radiator
High School DistrictSouth St. Paul
Insurance Expense7945
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Lot Size UnitsAcres
MaintenanceExpense1500
New ConstructionNo
Number Of Units Total6
OwnerPaysElectricity, Gas, Grounds Care, Heat, Hot Water, Insurance, Pest Control, Repairs, Sewer, Taxes, Trash Collection, Water
PostalCitySouth Saint Paul
Property TypeCommercial Sale
RoofAge Over 8 Years, Asphalt, Pitched
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameHepburn Park
Tax Annual Amount$10,964
Tax Year2026
Tenant PaysBroadband, Cable TV, Electricity, Telephone
Trash Expense2244
UtilitiesElectric Separate, Heating Common, Hot Water Common
Water Sewer Expense3447
Year Built1968
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total6,000 sqft
FencingNone
Foundation Area3,000 sqft
InclusionsBuilding, Fixture/Equipment, Land, Leases
Lot Dimensions80 x 125
Lot Size Area0 sqft
Parking FeaturesAssigned, Parking Lot, Paved Lot
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

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

  

Similar Properties

$749,900

10 Beds 6 Baths 6,000 SQFT 0.23 Acres
Type: Commercial

247 2nd Avenue S
South Saint Paul, MN 55075

MLS#: 7147426
Jennifer Ritzman
Jennifer Ritzman
The Real Estate Advantage
REALTOR, GRI
Phone: 507.298.1388
Office: 952.898.5800