2390 7th Street W Saint Paul, MN 55116

$1,890,000 N/A N/A
Price Bedrooms Bathrooms
Price has not changed since being added to site on 11/18/2021
Status: Under Contract

MLS #: 6128536

Apartment Sq. Feet: N/A
On Site: 20 Days Lot Size: 0.47 Acres
Neighborhood: See All Properties for Sale in Highland
DESCRIPTION
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Rare opportunity to take ownership of an extremely well maintained, high demand building on bustling West 7th! Grosses $204k/year. Units are easy to rent and have room to go higher. Impressive maintenance and upkeep by the original family ownership since being built in 1965. Three units in LL are brand new, including fully ADA compliant 2 br unit and elevator. The full building has sprinkler/fire control. The LL units have central air, while all of the above grade units have wall AC units. Newly upgraded fire monitoring tech. 13 one BR's and 5 two BR's- the recently repaved parking lot contains one parking spot per bedroom! Owned coin-op laundry, two furnaces, and newer vinyl tilt wash windows and screens throughout. So many upgrades and very turn key. Perfect 1031 candidate.
FEATURES / AMENITIES
Appliances: Range, Refrigerator
Amenities: In-Ground Sprinkler
Accessibility Features: Wheelchair Ramp(s), Reduced Height Counters, Reduced Height Cabinets, Accessible Elevator Installed, Doors 36"+, Roll-In Shower, Grab Bars In Bathroom, Fully Wheelchair
Cooling: Central Air, Wall Unit(s), Ductless Mini-Split
Heating: Baseboard, Hot Water, Ductless Mini-Split
Fuel: Natural Gas
PROPERTY FEATURES
Lot Size: 0.47 Acres
Lot Dimensions: 158x71x145x133x139x68
Lot Features: Corner Lot, Tree Coverage - Light, Public Transit (w/in 6 blks)
Parking Features: Asphalt, Unassigned
Utilities: Heating Common, Electric Separate
Sewer: City Sewer/Connected
Water: City Water/Connected
Road Frontage: City Street, County Road, Paved Streets, Curbs, Sidewalks, Street Lights
Road Responsibility: Public Maintained Road
Zoning: Residential-Multi-Family,Business/Commercial
Directions: 7th St W and Alton St.
COMMUNITY, TAX AND RELATED INFO
Full Status: Contingent - Inspection
School District: St. Paul
County: Ramsey
Sale Includes: Leases, Building, Land, Rental License, Fixture/Equipment
Tax Year: 2021
Tax Annual Amount: $27, 586
Contingency: Inspection
Gross Income: $204, 000
Net Income: $109, 860
Association Amenities: Coin-op Laundry Owned, Security, Fire Sprinkler System, Elevator(s)
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Listing Information Last Updated 12/7/2021
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Property Summary

2390 7th Street W
Saint Paul, MN 55116

MLS®: 6128536

List Price: $1,890,000

Description:

MLS # 6128536: This property at 2390 7th Street W, Saint Paul, MN 55116 is located in the Highland subdivision and is listed for $1,890,000. MLS # 6128536 has been on the market for 19 days.