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1144 Arcade Street

Saint Paul, MN 55106
  • $949,900
  • STATUS: Active
  • ON SITE: 323 Days
  • ID#: 5700091
UPDATED: 22 min ago
$949,900
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 12,140
    SQFT
  • $78
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1926
County:
Area:

School Ratings & Info

School District:
Listing courtesy of Real Estate Solutions Mn & Wi.

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.

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IDX data © 2021 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than The Pomerleau Team are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. The Pomerleau Team is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of The Pomerleau Team, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed. By viewing the listings on this site, you are agreeing to abide by the RMLS End-User License Agreement. Data last updated 2021-12-01T15:22:39.207.

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1144 Arcade Street Saint Paul, MN 55106

  • Price: $949,900
  • Status: Active
  • On Site: 323 Days
  • Updated: 22 min ago
  • ID#: 5700091
0
Beds
0
Baths
0
½ Baths
0.22
Acres
12,140
SQFT
$78
$/SQFT
1926
Built
Neighborhood:
Eastville Heights
County:
Ramsey
Area:
Payne-Phalen
School District:
625 - St. Paul
Property 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.
Exterior Features

Construction Materials BlockBrick/Stone Foundation Area 3190 Garage Dimensions 40 X 30 Garage Square Feet 1190 Lot Size Dimensions 122 X 80 (Both Pids) Parking Features Attached GarageAsphaltConcreteHeated Garage Parking Open 4 Road Frontage Type City StreetPaved StreetsCurbsSidewalks Roof Age Over 8 Years Waterfront YN No

Interior Features

Amenities Unit Hardwood Floors Appliances RefrigeratorWasherDryerRange Basement Full Cooling Window Unit(S)Wall Unit(S) Heating Hot WaterBoiler Refrigerator Num Five Sq Ft Finished Building 12140

Property Features

Accessibility Features No Stairs External Additional Parcels YN Yes Assessment Pending Unknown Contingency None Current Use CommercialResidentialAutomotiveProfessional ServiceOffice Electric Expense 4700 Foreclosure Status No Fuel Natural Gas Fuel Expense 0 Gross Income 101106 Inclusions BuildingLandLeasesFixture/EquipmentOther Insurance Expense 2500 Land Lease Amount 0 Lender Owned No Manager Expense 0 Postal City Saint Paul Potential Short Sale No Property Sub Type Apartment Rental License Type Standard Rental License YN Yes Road Responsibility Public Maintained Road Sewer City Sewer/Connected Tax Annual Amount 14434 Tax With Assessments 14434.00 Tax Year 2020 Tenant Pays ElectricityFuel Trash Expense 1300 Unit Type Efficiencies1 Bedroom2 Bedroom3 Bedroom1 Room2 Room3 Room4 Room5 Room6 Room7 Room Utilities Heating CommonElectric SeparateHot Water Separate Water Sewer Expense 1050 Water Source City Water/Connected Zoning Description Business/Commercial

© 2021 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
Listing courtesy of Real Estate Solutions Mn & Wi. This home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.


IDX data © 2021 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than The Pomerleau Team are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. The Pomerleau Team is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of The Pomerleau Team, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed. By viewing the listings on this site, you are agreeing to abide by the RMLS End-User License Agreement. Data last updated 2021-12-01T15:22:39.207.

Click here for Digital Millennium Copyright Act
 
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The Pomerleau Team
11671 Fountains Drive, Suite 200
Maple Grove MN, 55369
Listing courtesy of Real Estate Solutions Mn & Wi.