$929,000

Nice opportunity - great cash flow, first time on the market in 20+ years. There is no rent control in the City of South St Paul. Solid 6 unit brick building , with new secure exterior doors, new parking lot, located in a lovely tree lined residential neighborhood, good schools, close to library, parks and pools, MTC bus line, major freeways and major employers. All leases are mo-to-mo, with 3 long term tenants of 6+ years, 2 tenants of 1+ years, and one of 9 months. History of very low vacancy rate. Five 2 bedroom units, One studio, 6 assigned parking spots. Dogs allowed. Residents pay their unit electric for: lights, appliances, and wall A/C, except the studio, where owner pays all the utilities. Owner pays heat, water, house electric, garbage. Tenants can choose to join laundry program, laundry income is $150/mo. Apartments #1 & #3, were totally rebuilt in 2021: new stud walls, elec, plumb, cabs, appliances, flooring, etc. New roof in 2011, new water heater in 2021.