For Sale: South Saint Paul MLS# 7093105
Active
$3,100,000
Commercial: Other
Built 1968
1.16 acres
South St. Paul schools
MLS# 7093105
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
Strong investment opportunity in the desirable suburb of South St. Paul. Summit Bryant is a 24-unit apartment community with a strong occupancy history and stable cash flow. The property features an attractive unit mix of 14 one-bedroom and 10 two-bedroom apartments. Tenants pay their own electricity, while water, gas, and trash are billed back, helping reduce operating expenses and improve NOI.
Located on Summit Bryant Ave, the property offers a peaceful residential setting just steps from Kaposia Park and the Kaposia Off-Leash Dog Park. Residents enjoy controlled access entry, on-site laundry, ample parking, air conditioning, climate control, and window coverings. The pet-friendly community is conveniently located near shopping, dining, schools, and major commuter routes with easy access to downtown St. Paul and the Twin Cities metro. A turnkey multifamily asset in a strong rental market with proven occupancy performance.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$3,100,000
Property Type:
Commercial
City:
South Saint Paul
Garage Spaces:
0
County:
Dakota
Year Built:
1968
State:
MN
Property Style:
Other
Zip Code:
55075
Subdivision Name:
South Park Div 3
Interior
Flooring:
Luxury Vinyl Plank
Refrigerators:
One Per Unit
Appliances Included:
- Dishwasher
- Microwave
- Range
- Refrigerator
Basement Details:
Full
Exterior
Stories:
Three Or More
Garage Spaces:
0
Air Conditioning:
Central Air
Foundation Size:
6,660 ft2
Handicap Accessible:
None
Heating System:
- Boiler
- Forced Air
Parking Features:
Parking Lot
Unit Amenities:
- Deck
- Patio
Roof Details:
Flat
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
1.16
Geolocation:
44.905296, -93.048625
Inclusions:
Building, Land, Leases
Lot Dimensions:
45, 103.22 ft² (4, 190.23 m²)
Addl Parcels:
367020201210
Zoning:
Residential-Multi-Family
Lot Description:
Corner Lot
Schools
School District:
6
District Phone:
6514579400
Expenses
Tenant Expenses:
Broadband, Cable TV, Electricity, Heat, Hot Water, Telephone, Parking Fee, Sewer, Water
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$44,468
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$44,468
Income
Annual Gross Income:
$373,515
Rent
Annual Net Income:
$190,379
Units
Total Units:
24
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Manarola LLC.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.