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$650,000

0 Beds 0 Baths 6,556 SQFT 0.15 Acres
Type: Commercial

1562 Edmund Avenue
Saint Paul, MN 55104

MLS#: 7154979
Scott Bougie
Scott Bougie
The Real Estate Advantage
Realtor
Phone: 612.799.7548
Office: 651.272.4688
Presented by: Apartment Cash Flow, Inc.

Property Description

 

Edmund apartments presents a unique opportunity to buy with seller financing. Achieve a higher return on your investment by structuring a deal that works for you. This property features one building with three single car detached garages bringing in extra income. All units are fully occupied featuring eight 1-bedroom and 1-bath apartments. In the rear is a detached garage that comes with the sale and was built in 1913. Total square footage is 6,556 over two floors. Current in-place rents are $939.12 per month for the one bedrooms. Onsite coin laundry and extra storage lockers in the basement. All apartments feature hardwood floors, tall ceilings and loads of original trim and doors. Roof was replaced in 2022. Hot water boiler was replaced in 2015. The same ownership group also is offering a 9-unit for $725,000 located next door to the south at 1563 Charles Ave that can also be purchase on a contract for deed. Terms negotiable.


 

Interior Features

Other Interior Features

BasementBlock, Full, Storage/Locker, Unfinished
Basement (Y/N)Yes
Ceiling Height8-10
FuelNatural Gas
Garage Door Width7 sqft

General

AccessibilityNone
Additional Parcels Y/NNo
AppliancesRange, Refrigerator
CitySaint Paul
Construction MaterialsConcrete
ContingencyNone
CoolingWindow Unit(s)
CountyRamsey
Current UseResidential
DirectionsHighway 94 to Snelling / Go North to Edmund / Go half a block east to the 8-unit property
Electric Expense1000
Fuel Expense8500
Garage Spaces3
Gross Income88742
HeatingBoiler, Hot Water
High School DistrictSt. Paul
Insurance Expense8470
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Lot Size UnitsAcres
MaintenanceExpense3500
Net Operating Income44130
New ConstructionNo
Number Of Units Total8
Operating Expense44612
Pool FeaturesNone
PostalCitySaint Paul
Property TypeCommercial Sale
RoofAge 8 Years or Less, Flat
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameHamline Syndicate Add, No3
Tax Annual Amount$12,342
Tax Year2026
TopographyLevel
Trash Expense500
UtilitiesElectric Separate, Heating Common, Hot Water Common
Water Sewer Expense4000
Year Built1913
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total6,556 sqft
FencingNone
Foundation Area3,000 sqft
InclusionsBuilding, Land, Leases, Rental License
Lot Dimensions50 x 130
Lot Size Area0 sqft
Parking FeaturesDetached Garage
Road Frontage TypeCity Street
Road ResponsibilityPublic Maintained Road
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

$650,000

0 Beds 0 Baths 6,556 SQFT 0.15 Acres
Type: Commercial

1562 Edmund Avenue
Saint Paul, MN 55104

MLS#: 7154979
Scott Bougie
Scott Bougie
The Real Estate Advantage
Realtor
Phone: 612.799.7548
Office: 651.272.4688