1144 Arcade Street, Saint Paul

$949,900

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0 Bed
0 Bath
.22 Acre
0 Garage

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.

Essential Information

MLS® #
5700091
Price
$949,900
Acres
0.22
Year Built
1926
Type
Commercial Sale
Sub-Type
Apartment
Style
Apartment
Status
Active

Community Information

Address
1144 Arcade Street
Area
Payne-Phalen
Subdivision
Eastville Heights
City
Saint Paul
County
Ramsey
State
MN
Zip Code
55106

Garages

Attached Garage,Asphalt,Concrete,Heated Garage

Interior

Heating
Hot Water,Boiler
Cooling
Window Unit(s),Wall Unit(s)

Appliances

Refrigerator,Washer,Dryer,Range

Exterior

Roof
Age Over 8 Years
Construction
Block,Brick/Stone

Additional Information

Days on Market
12
Zoning
Business/Commercial

Listing Details

Office
Real Estate Solutions MN & WI

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Listing information last updated on January 23rd, 2021 at 7:20am CST.