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1508 Allen Avenue West Saint Paul, MN $ 2,999,900
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$ 2,999,900 Get more info
1508 Allen Avenue
$ 2,999,900
Back to search
Share Save

1508 Allen Avenue

West Saint Paul, MN, 55118
$ 2,999,900
Baths0.0 Sq 30,744

Monthly Estimate*

$ 20,955

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1508 Allen Avenue, West Saint Paul, MN 55118 - Image 13
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Studio

Commercial Property for sale in West Saint Paul, MN

for $2,999,900. This 30,744 square foot building was built in 1978 on a lot size of 2.77.

Two 12-Unit apartment complexes that sit on 2.7 acres in West St. Paul conveniently located on bus route near main retail corridor. Complex has been professionally managed and maintained with 100% occupancy ready for new owner. Brick front buildings consist of 12 - 2 Bedroom units, 2 - 1 Bedroom with Den units, and 10 - 1 Bedroom units. Each unit is allotted a garage and one parking space in private parking lot. Two (owned) sets of coin operated laundry machines are located in each building with individual storage closet for each unit. Recent updates include: Hallways painted 2024, garage roofs 2023, A/C units 2022, hallway carpeting & trim 2020, and garage doors replaced 2018. Rents all are currently under local averages for this West St. Paul area & lots of room for increased cap performance. Financials and rent rolls available upon request. We encourage your questions and inquiries prior to scheduling showings. More photos coming soon.

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Commercial Pending

Price

$ 2,999,900

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 38,190

Style

Apartment

Lot Size

2.77

Year Built

1978

Town/City

West Saint Paul

County/Region

Dakota

MLS | Web ID

6510083
Features
General
Sewer City Sewer/Connected
Heating Baseboard
Cooling Window Unit(s)
Utilities Electric Common Heating Common Hot Water Common
Roof Age 8 Years or Less Flat
Appliances Range Refrigerator
Garage Spaces 24
Construction Materials Brick/Stone
Year Built 1978
Tenant Pays Cable TV Electricity
Topography Level
Levels Two
Property SubType Apartment
Tax Year 2023
Current Use Residential
Gross Income 287340
Accessibility None
Additional Parcels Description 421850001082
County Dakota
Net Operating Income 175900
Operating Expense 111440
Insurance Expense 1600
Property Type Commercial Sale
Association Amenities Coin-op Laundry Owned
Contingency None
Subdivision Name Coverdale Add
Directions Robert Street to West on Wentworth Ave. W. - North on Bellows - West on Carmel Ave. W. - North to properties on Righthand side.
City West Saint Paul
Buyer Agent Compensation 2.00
High School District West St. Paul-Mendota Hts.-Eagan
Zoning Description Residential-Multi-Family
Total Units 24
Street Name Allen
Land Lease Y/N N
Tax Annual Amount 38190
Electric Expense 1600
Trash Expense 450
Water Sewer Expense 1325
Additional Parcels Y/N Y
Days on Market 26
Standard Status Pending
Lender Owned No
Amenities Unit Deck Patio
Buyer Agent Compensation Type %
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Interior
Basement None
Basement (Y/N) N
Street Suffix Avenue
Ceiling Height 8-10
Foundation Dimensions 66x94
Fuel Electric Natural Gas
Garage Dimensions Two Buildings of 22x120
Garage Door Width 7
Garage Square Feet 5280
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Exterior
Parking Features Detached
Lot Features Public Transit (w/in 6 blks) Corner Lot Tree Coverage - Light
Water Source City Water/Connected
Inclusions Building Leases
Lot Size Area 2.77
Building Area Total 30744
Lot Dimensions 2.77 ACRES
Lot Size Units Acres
Foundation Area 12732
Road Frontage Type City Street
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 1508
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* Excluded Features
List By
Minnesota Realty Company

Broker

heather.heidenreich@mnrealtyco.com

Email

Affordability Calculator

$24,138
Per Month
87%
13%
0%
Monthly Principal & Interest
$20,955
Monthly Property Taxes
$3,183
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3065274 Elementary School
3065314 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/29/2024$2,999,900 Listed Price

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1508 Allen Avenue, West Saint Paul, MN, 55118 is a Commercial Property for sale at $2,999,900 with 30,744 sqft and a lot size of 2.77. 1508 Allen Avenue is a studio with 0.0 baths and was built in 1978. The property's zip code is 55118 which is in West Saint Paul, MN

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