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$620,000

  • Sold
  • Closed
  • Multi-Family
  • 4 Units
  • 2 Car Garage
See This Home
Save This Home
See This Home
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Welcome to an enticing investment opportunity in St. Paul! This meticulously maintained 4-plex presents a prime chance for savvy investors seeking stable returns. Situated in a thriving rental market, this property boasts a consistent rental history, with all units currently leased, providing immediate cash flow. Each of the four units features three bedrooms, catering to tenants seeking ample living space. Additional income stream from on-site coin-operated laundry facilities, providing convenience to tenants while generating extra revenue. Enjoy predictable monthly income with minimal vacancy risks, supported by long-term leases and Section 8 subsidies. Whether you're a seasoned investor seeking to expand your portfolio or a newcomer looking for a reliable income-generating asset, this 4-plex presents an exceptional opportunity to capitalize on the thriving rental market in St. Paul. Don't miss out on this chance to secure long-term financial success.

Full Property Details for 1051 Arkwright St

General

  • Sold For: $620,000
  • Taxes: $9,096 (2023)
  • Status: Closed
  • Type: Multi-Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6491504
  • Added to Site: 760 day(s) ago

Parking

  • Garage: Yes
  • Garage Description: 20 x 24
  • Garage Spaces: 2
  • Parking Features: Detached, Asphalt, Electric, Paved

School Information

  • School District: 625 - St. Paul
  • High School District: St. Paul

Heating & Cooling

  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Financial Considerations

  • Operating Expenses: $26,602
  • Tax Amount: $9,096
  • Tax Year: 2023
  • Terms: Conventional, Cash
  • Owner Pays: Electricity, Fuel, Insurance, Janitorial Service, Grounds Care, Repairs, Snow Removal, Taxes, Trash Collection, Water
  • Tenant Pays: Cable TV, Electricity, Fuel
  • Pays Cable: Tenant Pays
  • Pays Electric: Tenant Pays
  • Pays Trash: Owner Pays
  • Pays Water: Owner Pays

Disclosures and Reports

  • Legal Description: HENDRICKSONS ADDITION E 1 2/1O FT OF S 32 1/1O FT OF LOT 4 AND ALL OF LOTS 1 2 AND LOT 3
  • Property ID: 292922230052

Listed by RE/MAX Professionals
Sold by eXp Realty

Listing agent

— 1051 Arkwright St —

  • RE/MAX Professionals

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1051 Arkwright St

School District:St. Paul Public School District
NameGradesDistance
Bruce F Vento Elementary School
409 Case Avenue East, Saint Paul, MN 55130
PK-50.2 mi
Washington Tech Secondary Magnet
1495 Rice Street, Saint Paul, MN 55117
6-121.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1051 Arkwright St

Date
Details
Price
Change
Source
4/29/2024
Sold
$620,000
-3.11%
MLS
2/20/2024
Listed
$639,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Down Payment Resource

Listed by RE/MAX Professionals
Sold by eXp Realty

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1051 Arkwright Street, Saint Paul, MN 55130 (MLS# 6491504) is a Multi-Family property that was sold at $620,000 on April 29, 2024. Want to learn more about 1051 Arkwright Street? Do you have questions about finding other Multi-Family real estate for sale in Payne-Phalen? You can browse all Payne-Phalen real estate or contact a Coldwell Banker agent to request more information.