Hard to find rental property in a great location, evident perpetual care/maintenance and reliable market demand. Priced to return 6%+ capitalization with current market funding options.
MLS ID: 6660124
Directions: US #52 to Wentworth Exit - East to 19th Ave N, then North to Bromley
MLS #: 6660124
Listing courtesy of: Edina Realty, Inc.
Price: $1,550,000
Type: Commercial
Contingency: None
Foreclosure: No
Zoning: Other
Current Use: Residential
Total Units: 11
Annual Gross Income: $149,500
Net Operating Income: $51,600
Operating Expense: $48,600
Annual Gross Expense: $97,900
Annual Manager Expense: $3,000
Annual Electric Expense: $3,895
Annual Insurance Expense: $5,685
Annual Maintenance Expense: $2,760
Annual Annual Expense: $3,766
Annual Water/Sewer Expense: $3,724
Tenant Pays: Cable TV, Electricity
Owner Pays: Gas, Insurance, Janitorial Service, Grounds Care, Sewer, Snow Removal, Taxes, Trash Collection
Parking Features: Guest Parking, Parking Lot, Paved
Other Parking Spaces: 12
Owner Occupied: No
Construction Materials: Brick Veneer
AccessibilityFeatures: None
Roof: Age Over 8 Years, Asphalt
Heating: Baseboard, Boiler
Cooling: Wall Unit(s), Window Unit(s)
Style: Low Rise
Year Built: 1961
Foundation Area: 3,000
Amenities - Association: Coin-op Laundry Owned
Sewer: City Sewer/Connected
Water Source: City Water/Connected
Number of Ranges: One Per Unit
Number of Refrigerators: One Per Unit
Utilities: Electric Separate, Heating Common, Hot Water Common
Complex/Dev/Sub Name: Grandview Add
Lot Dimensions: 134x161
Road Frontage: City Street, Curbs, Paved Streets
District: South St. Paul
District Number: 6
District Phone: 651-457-9400
County: Dakota
Survey Range: 22
Survey Section: 16
Survey Township: 28
Tax Year: 2024
Tax Amount: $22,236
Assessment Pending: Unknown
Taxes w/Assessments: $22,236
This listing was last updated by Edina Realty, Inc. on 7/15/2025 at 9:02 pm.
Information is deemed to be reliable, but is not guaranteed. Such information cannot be duplicated or distributed in any manner without the express written consent of the owning association. Data is deemed reliable but not guaranteed.
Records last updated at 12/5/2025 2:25 am.
Copyright 2025 Regional Multiple Listing Service of Minnesota, Inc.
The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Castle Realty of Twin Cities are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.
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