1144 Arcade Street, Saint Paul, MN 55106 | MLS 5700091 | Listing Information | BHHS Advantage - Owatonna Real Estate

1144 Arcade Street,  Saint Paul MN, 55106

(Active)
$949,900
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MLS# 5700091
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Last Updated: 1/27/2021 4:31 AM
Description for 1144 Arcade Street Saint Paul, MN 55106
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.
Price
$949,900
Eastville Heights
Ramsey
5700091
Active
Description
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.
Listing Information
Property Type: Apartment, Other
0 0.22 Acres 1926
3,190 Sq. Ft. Yes-4 spaces Block,Brick,Stone
29//
Eastville Heights
12,140 Sq. Ft. (approx)
3190
City Water/Connected
City Sewer/Connected
9 Total
Commercial,Residential,Automotive,Professional Service,Office
No Stairs External
Neighborhood
School Information
District: St. Paul
Room Information
Interior Features
Refrigerator,Washer,Dryer,Range
Wall Unit(s), Window Unit(s)
Gas Heat, Hot Water
Full
Window Unit(s) Cooling
No Stairs External
Hardwood Floors
Exterior / Lot Features
4 Garage Spaces, 8 Parking Spaces, 4 Covered Parking Spaces, Attached Garage,Asphalt,Concrete,Heated Garage, Parking Open - 4
Brick, Stone, Block
Other
122 x 80 (both PIDs)
Business/Commercial
Driving Directions
Maryland to Arcade South to Property (2nd building in behind CVS)
Financial Considerations
$14,434
Building,Land,Leases,Fixture/Equipment,Other

Saint Paul Real Estate

Saint Paul is located in Minnesota. Saint Paul, Minnesota 55106 has a population of 306,135.

The median household income in Saint Paul, Minnesota 55106 is $43,761. The median household income for the surrounding county is $59,685 compared to the national median of $57,525. The median age of people living in Saint Paul 55106 is 37 years.

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Courtesy: Real Estate Solutions MN & WI
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