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$ 799,000
Est. payment /mo
Active
1599 Rice ST Saint Paul, MN 55117
14 Beds
6 Baths
5,230 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 5,230 sqft
Price per Sqft $152
Subdivision Rice Street Villas
MLS Listing ID 6728027
Bedrooms 14
Year Built 2004
Annual Tax Amount $12,228
Tax Year 2025
Contingent None
Lot Dimensions 75ft x 123ft x 75ft x 123ft
Property Sub-Type Fourplex
Property Description
Rare opportunity to own a well-maintained 2004-built 4-unit investment property totaling 5,230 SF on a
.21-acre lot. This turnkey investment features two spacious 4BR/2BA units (1, 635 SF each) and two 3BR/1BA units (980 SF each) , all with individual entrances and attached garages.
PROPERTY HIGHLIGHTS :
Built in 2004 with modern amenities throughout
Individual HVAC systems for each unit
In-unit washer/dryer connections
Stainless steel appliances including side-by-side refrigerators Wood flooring and ample storage
4 attached garages plus 5 surface parking spaces (2.25 spaces/ unit)
Excellent condition with minimal deferred maintenance
Pro Forma NOI: $91, 871 (11.07% cap rate with market rents)
.21-acre lot. This turnkey investment features two spacious 4BR/2BA units (1, 635 SF each) and two 3BR/1BA units (980 SF each) , all with individual entrances and attached garages.
PROPERTY HIGHLIGHTS :
Built in 2004 with modern amenities throughout
Individual HVAC systems for each unit
In-unit washer/dryer connections
Stainless steel appliances including side-by-side refrigerators Wood flooring and ample storage
4 attached garages plus 5 surface parking spaces (2.25 spaces/ unit)
Excellent condition with minimal deferred maintenance
Pro Forma NOI: $91, 871 (11.07% cap rate with market rents)
Location
State MN
County Ramsey
Zoning Residential-Multi-Family
Rooms
Basement None
Interior
Heating Forced Air
Fireplace No
Exterior
Parking Features Attached Garage
Garage Spaces 4.0
Building
Story Two
Foundation 4004
Sewer City Sewer/Connected
Water City Water - In Street
Level or Stories Two
New Construction false
Schools
School District St. Paul
Others
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Listed by David Kampmeyer • Real Broker, LLC
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