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$498,900
Est. payment /mo
2,522 SqFt
UPDATED:
02/25/2025 03:54 AM
Key Details
Property Type Multi-Family
Sub Type Duplex Up and Down
Listing Status Active
Purchase Type For Sale
Square Footage 2,522 sqft
Price per Sqft $197
Subdivision Humphreys Add To, Saint P
MLS Listing ID 6651873
Year Built 1905
Annual Tax Amount $9,730
Tax Year 2024
Contingent None
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 138x 45
Property Sub-Type Duplex Up and Down
Property Description
LARGE LOT! Room for a detached garage which will allow you to increase rents! Almost 9% Cap Rate!!! New Roof, 2024! 2012-Owner replaced windows, siding, electrical, plumbing, and remodeled the interior to create 4 bedrooms on the lower level and 5 bedrooms on the upper level.
Prime Investment Opportunity: Updated Duplex with Strong Rental Income and Long-Term Tenant
This well-maintained duplex offers a solid investment opportunity with over $50,000 in annual income. The property has long-term tenant in the lower unit, and recently rented out the upper unit. Property is setup with Yard for rent payments that can easily be transferred to new owner. Recently updated the upper unit with fresh paint, a modern kitchen, updated bathroom, newer appliances, and in-unit washer/dryer.
Key Features:
- Annual Rental Income: Generates over $50,000 in rents and fees.
- Stable Tenants: Lower unit is occupied by long-term tenants, ensuring reliable income.
- Completely Renovated: The property was completely gutted and remodeled, including new finishes, floors, kitchen, bathroom, bedrooms, new floor plan.
- Upper Unit: Recently updated with fresh paint, a modern kitchen, updated bathroom, newer appliances, and in-unit washer/dryer.
- Exterior Updates: New roof, siding, windows, and updated mechanicals for improved efficiency and peace of mind.
This turnkey duplex is a fantastic investment, offering immediate rental income and the potential for future growth. Don't miss out on this opportunity—schedule your showing today!
Prime Investment Opportunity: Updated Duplex with Strong Rental Income and Long-Term Tenant
This well-maintained duplex offers a solid investment opportunity with over $50,000 in annual income. The property has long-term tenant in the lower unit, and recently rented out the upper unit. Property is setup with Yard for rent payments that can easily be transferred to new owner. Recently updated the upper unit with fresh paint, a modern kitchen, updated bathroom, newer appliances, and in-unit washer/dryer.
Key Features:
- Annual Rental Income: Generates over $50,000 in rents and fees.
- Stable Tenants: Lower unit is occupied by long-term tenants, ensuring reliable income.
- Completely Renovated: The property was completely gutted and remodeled, including new finishes, floors, kitchen, bathroom, bedrooms, new floor plan.
- Upper Unit: Recently updated with fresh paint, a modern kitchen, updated bathroom, newer appliances, and in-unit washer/dryer.
- Exterior Updates: New roof, siding, windows, and updated mechanicals for improved efficiency and peace of mind.
This turnkey duplex is a fantastic investment, offering immediate rental income and the potential for future growth. Don't miss out on this opportunity—schedule your showing today!
Location
State MN
County Ramsey
Rooms
Basement Full
Interior
Heating Forced Air
Fireplace No
Building
Story More Than 2 Stories
Foundation 1315
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories More Than 2 Stories
Structure Type Metal Siding,Vinyl Siding
New Construction false
Schools
School District St. Paul
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Listed by Elina Butkov • eXp Realty