Hard to find rental property in a great location, evident perpetual care/maintenance and reliable market demand. Priced to return 6.5%+ capitalization with current market funding options.
MLS ID: 7024331
Directions: US #52 to Wentworth Exit - East to 19th Ave N, then North to Bromley
MLS #: 7024331
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: $148,596
Net Operating Income: $96,776
Operating Expense: $51,820
Annual Electric Expense: $5,651
Annual Insurance Expense: $8,130
Annual Maintenance Expense: $1,650
Annual Annual Expense: $3,967
Annual Water/Sewer Expense: $4,975
Tenant Pays: Broadband, Cable TV, Electricity, Telephone
Owner Pays: Common Area Maintenance, Gas, Grounds Care, Heat, Hot Water, Insurance, Janitorial Service, Management, Sewer, Snow Removal, Taxes, Trash Collection, Water
Parking Features: Guest Parking, Parking Lot, Paved Lot
Owner Occupied: No
AccessibilityFeatures: None
Roof: Age Over 8 Years, Asphalt
Heating: Baseboard, Boiler
Cooling: Wall Unit(s), Window Unit(s)
Year Built: 1961
Foundation Area: 3,000
Sewer: City Sewer/Connected
Water Source: City Water/Connected
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: 2031
District Phone: 6514579400
County: Dakota
Survey Range: 22
Survey Section: 16
Survey Township: 28
Tax Year: 2026
Tax Amount: $20,298
Assessment Pending: Unknown
Taxes w/Assessments: $22,236
This listing was last updated by Edina Realty, Inc. on 2/22/2026 at 12:51 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 3/18/2026 6:25 am.
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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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