1144 Arcade Street Saint Paul, MN 55106

$949,900 N/A N/A
Price Bedrooms Bathrooms
Price has not changed since being added to site on 1/11/2021
Status: Active

MLS #: 5700091

Apartment Sq. Feet: N/A
On Site: 321 Days Lot Size: 0.22 Acres
Neighborhood: See All Properties for Sale in Payne-Phalen
DESCRIPTION
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Opportunity to make a Single Purchase with 10 sources of Income, FULLY LEASED. 4 commercial suites, 4 Residential Apartments, a Single Family Home and commercial signage on roof. Each has a lease in place earning over $100,000 a year with renewal for Billboards coming and opportunities for rent increases in Spring. All residential units and home were refurbished 2 years ago, and all commercial leases have renewed. Updated mechanicals and systems. This is a walk on part, immediate income. 2nd floor has 4 apartments with dual access. Main floor storefronts have direct access and signage, completely built out with long time tenants (2nd tenant has grown to encompass the 3rd suite as well). 2 Billboards with long term contracts. All leases and Chattel are fully transferable at closing. Excellent location, Brand New Developments of last few years, retail have filled adjacent lots on North. These include CVS, Walgreens, Brand New Strip & Restaurants. INVESTORS ARE SPENDING HERE.
FEATURES / AMENITIES
Appliances: Refrigerator, Washer, Dryer, Range
Amenities: Hardwood Floors
Accessibility Features: No Stairs External
Garage Dimensions: 40 x 30(1190 sq.ft.)
Cooling: Window Unit(s), Wall Unit(s)
Heating: Hot Water, Boiler
Fuel: Natural Gas
PROPERTY FEATURES
Lot Size: 0.22 Acres
Lot Dimensions: 122 x 80 (both PIDs)
Garage Spaces: 4
Parking Features: Attached Garage, Asphalt, Concrete, Heated Garage
Utilities: Heating Common, Electric Separate, Hot Water Separate
Sewer: City Sewer/Connected
Water: City Water/Connected
Road Frontage: City Street, Paved Streets, Curbs, Sidewalks
Road Responsibility: Public Maintained Road
Zoning: Business/Commercial
Directions: Maryland to Arcade South to Property (2nd building in behind CVS)
COMMUNITY, TAX AND RELATED INFO
School District: St. Paul
County: Ramsey
Sale Includes: Building, Land, Leases, Fixture/Equipment
Tax Year: 2020
Tax Annual Amount: $14, 434
Water / Sewer Expense: $1, 050
Electric Expense: $4, 700
Insurance Expense: $2, 500
Trash Expense: $1, 300
Gross Income: $101, 106
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Listing Information Last Updated 11/27/2021
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Property Summary

1144 Arcade Street
Saint Paul, MN 55106

MLS®: 5700091

List Price: $949,900

Description:

MLS # 5700091: This property at 1144 Arcade Street, Saint Paul, MN 55106 is located in the Payne-Phalen subdivision and is listed for $949,900. MLS # 5700091 has been on the market for 320 days.