400 Marshall Avenue
Saint Paul, MN 55102
MLS #4882399

Commercial
  • 0.429acres
$1,890,000
Est. P&I payment: $7218.52/mo
400 Marshall Avenue, Saint Paul, MN 55102
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Description for 400 Marshall Avenue, Saint Paul, MN 55102
Rare opportunity to purchase 15 unit building in prime Ramsey Hill/St. Paul location. One-of-a-kind lot size (.43 acre) not typically found in this area. Well maintained building with "A" rated cert of occ status. 11 off street parking spaces with additional 2 car garage. 8-studios, 4-1 bedroom units, 2-2 bedroom units, and 1-3 bedroom units.
MLS #4882399
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My Notes for MLS #4882399

General Features

  • Acres: 0.429
  • Current Use: Residential
  • Foreclosure Status: No
  • Year Built: 1879
  • Sale Includes: Building,​Land,​Leases
  • Total Number of Units: 15
  • Status: Active

Exterior Features

  • Exterior: Stucco,​Brick/Stone
  • Parking Characteristics: Detached Garage,​Driveway - Asphalt,​More Parking Onsite for Fee,​Assigned
  • Road Frontage: City,​Paved Streets,​Curbs,​Sidewalks
  • Lot Description: Tree Coverage - Light,​City Bus (w/in 6 blks)
  • Lot Dimensions: see plat
  • Garage Stalls: 2
  • Other Parking Spaces: 11

Interior Features

  • Building Finished Square: 12,772
  • Handicap Accessible: None
  • Basement: Partial,​Day/Lookout Windows
  • Roof: Asphalt Shingles,​Flat,​Rubber
  • Number of 1 Bedroom Unit: 4
  • Number of 2 Bedroom Unit: 2
  • Number of 3 Bedroom Unit: 1
  • Number of Units 1: 8
  • Number of Units 2: 1
  • Number of Units 3: 3
  • Number of Units 4: 2
  • Number of Units 5: 1

Utilities Features

  • Appliances: Range,​Dishwasher,​Refrigerator,​Washer,​Dryer
  • Air Conditioning: Central
  • Heating: Hot Water
  • Fuel: Natural Gas
  • Water: City Water/Connected
  • Number of Ranges: One Per Unit
  • Number of Refrigerators: One Per Unit
  • Sewer: City Sewer/Connected

Financial Features

  • Annual Fuel Expense: 5,602
  • Annual Insurance Expense: 6,094
  • Annual Repair Expense: 3,889
  • Annual Gross Expense: 41,689
  • Annual Trash Expense: 631
  • Annual Water/Sewer Expense: 3,146
  • Miscellaneous Annual Income: 5,700
  • Miscellaneous Monthly Income: 475
  • Tenant Expenses: Electric,​Cable T.V.,​Other
  • Total Annual Income: 153,300
  • Unit 1 Monthly Rent: 5,660
  • Unit 2 Monthly Rent: 750
  • Annual Rent 2: 9,000
  • Unit 3 Monthly Rent: 2,270
  • Annual Rent 3: 27,240
  • Unit 4 Monthly Rent: 2,120
  • Annual Rent 4: 25,440
  • Unit 5 Monthly Rent: 1,500
  • Annual Rent 5: 18,000
  • Total Monthly Income: 12,775
  • Annual Net Income: 111,611
  • Tax Amount: 17,184
  • Tax With Assessments: 17,726
  • Tax Year: 2017
  • Annual Gross Income: 153,300

Community Features

  • County: Ramsey
  • Municipality: Saint Paul
  • Postal City: Saint Paul (MN)
  • Neighborhood: Summit-University

School Features

  • School District: 625 - St. Paul
  • School District Phone: 651-767-8100

Misc Features

  • Amenities - Shared: Coin-op Laundry Leased,​Security Building
  • Amenities - Unit: Natural Woodwork,​Kitchen Window,​Skylight,​Hardwood Floors
  • Foundation Size: 3,338
  • Zoning: Residential-Multi-Family
  • Lender Owned: No
  • Potential Short Sale: No
  • Number of Efficiencies: 9

Location

 
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Directions to 400 Marshall Avenue, Saint Paul, MN 55102
94 east to Dale, South to Marshall, East to Property.
The listing information for 400 Marshall Avenue, Saint Paul, MN 55102 was graciously provided by our friends at the listing brokerage, Edina Realty, Inc.

Get Financing for 400 Marshall Avenue, Saint Paul, MN 55102

Waterstone Mortgage Corporation
Josh Hennesy
701 Washington Ave North Ste 525
Minneapolis, MN 55401
612.716.1187 Mobile
612.234.4284 Fax
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P&I Payment $7218.52
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Last Updated 11/20/2017 at 10:29am
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