NOT LISTED FOR SALE
12 Beds
4 Baths
4,000 Sq Ft
6,970 Sq Ft Lot

Last Sold April 29, 2024

Last sale price $620,000 $155 Per Sq Ft

28 Days on Market

Highlights

  • Deck
  • Forced Air Heating System
  • Community Deck or Porch
  • Corner Lot
  • Coin Laundry
  • Privacy Fence

About This Home

As of April 2024

Welcome to an enticing investment opportunity in St. Paul! This meticulously maintained 4-plex presents a prime chance for savvy investors seeking stable returns. Situated in a thriving rental market, this property boasts a consistent rental history, with all units currently leased, providing immediate cash flow. Each of the four units features three bedrooms, catering to tenants seeking ample living space. Additional income stream from on-site coin-operated laundry facilities, providing convenience to tenants while generating extra revenue. Enjoy predictable monthly income with minimal vacancy risks, supported by long-term leases and Section 8 subsidies. Whether you're a seasoned investor seeking to expand your portfolio or a newcomer looking for a reliable income-generating asset, this 4-plex presents an exceptional opportunity to capitalize on the thriving rental market in St. Paul. Don't miss out on this chance to secure long-term financial success.

Last Agent to Sell the Property

Aundrea Paskett

RE/MAX Professionals Listed on: 02/20/2024

RE/MAX Professionals

Last Buyer's Agent

Chris Mosier

Pemberton RE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,096

Year Built

  • Built in 1911

Lot Details

  • Lot Dimensions are 80x85
  • Privacy Fence
  • Wood Fence
  • Corner Lot
  • Few Trees

Parking

  • 2 Car Garage

Home Design

  • Quadruplex
  • Rubber Roof

Interior Spaces

  • 4,000 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Partial Basement

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, fuel
  • The owner pays for electricity, fuel, insurance, janitorial service, grounds care, repairs, snow removal, taxes, trash collection, water
  • Assessor Parcel Number 292922230052

Community Details

Overview

  • 4 Units
  • Hendricksons Add Subdivision

Amenities

  • Community Deck or Porch
  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,096

Year Built

Built in 1911

Lot Details

0

Parking

2

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Quadruplex
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Laundry, Coin-op Laundry Owned, Deck
  • Year Built: 1911
  • Above Grade Finished Sq Ft: 4000
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Cable
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial, Unfinished
  • Living Area: 4000
  • Owner Pays: Electricity, Fuel, Insurance, Janitorial Service, Grounds Care, Repairs, Snow Removal, Taxes, Trash Collection, Water
  • Basement YN: Yes
  • Amenities: Cable,Main Floor Primary Bedroom
  • Appliances: Dishwasher,Gas Water Heater,Range
  • Number Of Fireplaces: 0
  • Amenities: Cable,Main Floor Primary Bedroom
  • Appliances: Dishwasher,Gas Water Heater,Range
  • Number Of Fireplaces: 0
  • Amenities: Cable
  • Appliances: Dishwasher,Gas Water Heater,Range
  • Number Of Fireplaces: 0
  • Total Rooms: 5
  • Amenities: Cable
  • Appliances: Dishwasher,Gas Water Heater,Range
  • Number Of Fireplaces: 0
  • Total Rooms: 5

Beds/Baths

  • Total Bedrooms: 12

Exterior Features

  • Roof: Age 8 Years or Less, Rubber
  • Fencing: Privacy, Wood
  • Neighborhood: Payne-Phalen
  • PatioPorchType: Deck

Garage/Parking

  • Parking Features: Detached, Asphalt, Electric, Paved

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers
  • Fuel: Natural Gas
  • Number of Ranges: Four

Schools

  • Junior High Dist: St. Paul
  • SchoolDistrictPhone: 651-767-8100

Lot Info

  • Lot Size: 80x85
  • Land Lease: No
  • Lot Features: Corner Lot, Some Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone
  • Units Total: 4

Rental Info

  • Expenses: 26602.0000

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 292922230052
  • Tax Annual Amount: 9096
  • TaxWithAssessments: 9096.0000

Multi Family

  • TenantPays: Cable TV, Electricity, Fuel
  • ElectricExpense: 936
  • FuelExpense: 504
  • Number Of Refrigerators: Four

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/29/2024 04/29/24 Sold $620,000 0.0% $155 / Sq Ft
03/20/2024 03/20/24 Pending -- -- --
03/14/2024 03/14/24 Off Market $620,000 -- --
02/20/2024 02/20/24 For Sale $639,900 -- $160 / Sq Ft
Source: NorthstarMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6491504

NorthstarMLS