690 Western AVE N Active Save Request In-Person Tour Request Virtual Tour
Saint Paul,MN 55103
Key Details
Property Type Multi-Family
Sub Type Duplex Up and Down
Listing Status Active
Purchase Type For Sale
Square Footage 2,802 sqft
Price per Sqft $178
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
Almost 9% Cap Rate when fully rented!!! OR!!! Live in the upper level and rent the lower level!!! 5 bedrooms on the upper floor and 4 bedrooms on the lower level. Lower level is rented with a long term tenants!! 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 rental income and fees. The property boasts a long-term tenant in the lower unit, providing immediate cash flow. Property is setup with an electronic payment for rents that can easily be transferred to new owner. The upper unit has been updated and is currently being marketed for rent, offering additional income potential.
**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.
- **Comprehensive Renovations**: The property has been completely gutted and remodeled, including new finishes, down to the studs.
- **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.
- Full list of updates will be provided in the supplements.
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