Property Listing
Description
St. Paul 4plex. Great opportunity for investors or owner occupant buyers looking for rents that pay the mortgage. Unit #1 is vacant with 2 bedrooms and ready for occupancy with an estimated rent value of $1,600 per section 8 payment standard. Unit #2 is an efficiency rented for $1,145 per month fully subsidized by Housing Support and exempt from rent stabilization. Unit #3 is a one bedroom rented for $750 per month with a long-term market tenant. Unit #4 is a one bedroom rented for $1,272 per month fully subsidized by Section 8 and exempt from rent stabilization. Occupy one unit and collect rents to pay your mortgage or rent out all 4 units for a high return. The property presents the opportunity for big cash flow with big upside, priced with room to build equity immediately. In addition to the 4 units, the building has a partially finished attic with plenty of ceiling height that provides an opportunity to expand existing units or possibly add a 5th unit. Electric meters are separate and billed directly to tenants. Owner pays gas water and trash.
Property Information
Status: Active
Sub Type: ********
List Price: $364,500
MLS#: 6825199
Current Price: $364,500
Address: 23 Acker Street W, Saint Paul, MN 55117
City: Saint Paul
State: MN
Postal Code: 55117
Geo Lat: 44.964243
Geo Lon: -93.100786
Subdivision:
County: Ramsey
Property Description
Year Built: 1900
Lot Size SqFt: 4356
Gen Tax: 6946
Specials Inst: 1626.04
High School: St. Paul
Square Ft. Source:
Above Grade Finished Area:
Below Grade Finished Area:
Below Grade Unfinished Area:
Total SqFt.: 2808
Style: Array
Total Bedrooms: 4
Total Bathrooms: 4
Total Full Baths:
Garage Type:
Garage Stalls: 0
Waterfront:
Property Features
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Inclusions: ********
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