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MACKENZIE RASMUS

[email protected] +1(612) 801-4565

$ 650,000

Est. payment -/mo

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1562 Edmund AVE Saint Paul, MN 55104

6,403 Sqft Lot

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Hamline Syndicate Add, No3

MLS Listing ID 7154979

Year Built 1913

Annual Tax Amount $12,342

Tax Year 2026

Contingent None

Lot Size 6,403 Sqft

Lot Dimensions 50 x 130

Property Description

Edmund apartments presents a unique opportunity to buy with seller financing. Achieve a higher return on your investment by structuring a deal that works for you. This property features one building with three single car detached garages bringing in extra income. All units are fully occupied featuring eight 1-bedroom and 1-bath apartments. In the rear is a detached garage that comes with the sale and was built in 1913. Total square footage is 6,556 over two floors. Current in-place rents are $939.12 per month for the one bedrooms. Onsite coin laundry and extra storage lockers in the basement. All apartments feature hardwood floors, tall ceilings and loads of original trim and doors. Roof was replaced in 2022. Hot water boiler was replaced in 2015.

The same ownership group also is offering a 9-unit for $725,000 located next door to the south at 1563 Charles Ave that can also be purchase on a contract for deed. Terms negotiable.

Location

State MN

County Ramsey

Zoning Residential-Multi-Family

Rooms

Basement Block, Full, Storage/Locker, Unfinished

Interior

Heating Boiler, Hot Water

Cooling Window Unit(s)

Flooring Carpet, Tile, Vinyl, Wood

Inclusions Building, Land, Leases, Rental License

Fireplace No

Appliance Range, Refrigerator

Exterior

Parking Features Detached Garage

Garage Spaces 3.0

Fence None

Pool None

Utilities Available Electric Separate, Heating Common, Hot Water Common

Roof Type Age 8 Years or Less,Flat

Present Use Residential

Building

Story Two

Foundation 3000

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

Structure Type Concrete

New Construction false

Schools

School District St. Paul

Listed by Nathan Opatz • Apartment Cash Flow, Inc.

NEARBY SCHOOLS & PROPERTIES

MACKENZIE RASMUS

Advisor License ID: 40828489

+1(612) 801-4565

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