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Key Details
Sold Price $442,715
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,150 sqft
Price per Sqft $140
Subdivision Schroeders Add To, The Circle
MLS Listing ID 6272732
Sold Date 12/30/22
Year Built 1914
Annual Tax Amount $8,242
Tax Year 2022
Contingent None
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 40x150
Property Description
Fantastic investment opportunity in prime Merriam Park neighborhood! Within walking distance to Macalester College and St. Thomas College, owner has leased property for last 25 years and has consistent rental history. All three units are rented until May 2023, but tenants in 2nd and 3rd level are open to lease buyout for owner-occupied buyers. Current rents: 1st floor - $1595, 2nd floor - $1695, 3rd floor - $1120. Tenants reimburse landlord periodically for all utilities. Commercial coin-op washer and dryer in basement averages $40/month. Total gross monthly revenue of $4450. 2 car garage in back could be additional income or used for owner-occupied. Metal 50 year rated roof done in 2013! All 3 floor bath remodels in last 3 years. With beautiful hardwood floors, natural woodwork throughout, stainless steel appliances, and an amazing location, this triplex is a must-see! All showings require 24 hour notice.
Location
State MN
County Ramsey
Zoning Residential-Multi-Family
Rooms
Basement Unfinished
Interior
Heating Boiler, Hot Water
Fireplace No
Exterior
Garage Detached
Garage Spaces 2.0
Roof Type Metal
Building
Lot Description Tree Coverage - Medium
Story More Than 2 Stories
Foundation 1150
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories More Than 2 Stories
Structure Type Fiber Board
New Construction false
Schools
School District St. Paul
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