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Archived over 1 year ago

$500,000

8+ bd 4+ ba 4800 sqft

1397 Prosperity Ave, St Paul , MN 55106

Residential Quadplex Occupied Off MLS

Current Rent **

$4,847

Projected Rent **

$5,440

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Posted By:

Jd Larson

Unit 1 Details
  • Current Rent: $1,360
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 1200 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes
Unit 2 Details
  • Current Rent: $1,337
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 1200 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes
Unit 3 Details
  • Current Rent: $1,100
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 1200 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes
Unit 4 Details
  • Current Rent: $1,050
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 1200 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes

St Paul 4plex

I'm offering up my St Paul 4plex for Sale. This property currently brings in $4847.00 a month with room to quickly bring rents up to market value ($5400). Two units are on annual lease, but two are on month-to-month and can be updated.

The building was built in the 70's and has a solid structure and layout. There are no common areas; each unit has exterior access, and a detected 4-car garage provides a garage stall per unit (divided). Each tenant pays electric and gas and has separate utilities. Its been very easy to fill with minimal vacancies.

This is For Sale Buy owner. I'm not interested in working with a seller's agent, so please don't inquire. I prefer to work with buyers directly. Serious inquiries from investors only, please. I need 48-24 hours to schedule showings with tenants and will likely stack showings as there already some scheduled. Email [email protected] or text or call 715-209-0458.

Location:

1397 Prosperity Ave, St Paul , MN 55106

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.