$949,900

1144 Arcade Street

Saint Paul MN, 55106

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.

Details

MLS#5700091
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1926
Days On Site92

Features

Units9
Acreage0.22
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Area Information
StateMN
CountyRamsey
CitySaint Paul
Zip Code55106
Listing VS Median (in 55106)
Price:
$949,900
low | high
Med:
$210,000
100% of Average
On Site:
92
low | high
Med:
118
77.966101694915% of Average
Sourced by Back At You
Listing Updated: March 8, 2021 2:49:29 PM PST
Jeffery D. Giacomini LogoMLS Number: 5700091
Listing Provided By:
Jeffery D. Giacomini  of  Real Estate Solutions MN WI

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