586 Reaney Avenue
Saint Paul, MN 55130
MLS #4855481

Multi-Family
  • 4units
  • 9beds
  • 0.14acres
  • 4,464sq ft
$389,900
Est. P&I payment: $1489.15/mo
586 Reaney Avenue, Saint Paul, MN 55130
  • 586 Reaney Avenue, Saint Paul, MN 55130 Photo 1
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Description for 586 Reaney Avenue, Saint Paul, MN 55130
Huge 4 Plex with all 3 Bedroom Units. High ceilings and Grand staircase to second floor. Updates to baths and new roof in 2011. Good sized bedrooms and living areas. Nice front porch. Included is vacant lot next door zoned RM2, duplex could be built. Lot is 135 x 45. As Is. Flat Earth Brewery is a few blocks away as is Ward 6 for great dining. Upside is Market Rents are $1295 for 3 Bedroom units. See supplements for cash flow analysis.
MLS #4855481
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My Notes for MLS #4855481

General Features

  • Propery Type: MF
  • Total Number of Units: 4
  • Year Built: 1906
  • Acres: 0.14
  • Foreclosure Status: No
  • Lender Owned: No
  • Lot Description: Tree Coverage - Medium,​Additional Land Available,​City Bus (w/in 6 blks)
  • Lot Dimensions: 45 x 135
  • Status: Active
  • Style: (MF) Apartments/Multifamily

Exterior Features

  • Exterior: Wood
  • Fencing: None
  • Road Frontage: City,​Paved Streets,​Curbs,​Sidewalks
  • Parking Characteristics: On-Street Parking Only
  • Roof: Asphalt Shingles,​Pitched

Interior Features

  • Total Finished Square Footage: 4,464
  • Handicap Accessible: None
  • Basement: Full
  • Above Ground Finished SqFt: 4,464
  • Unit 1 Amenities: Porch,​Natural Woodwork,​Kitchen Window,​Hardwood Floors
  • Unit 1 B1 Dimensions: 10x12
  • Unit 1 B1 Level: Lower
  • Unit 1 B2 Dimensions: 10x12
  • Unit 1 B2 Level: Lower
  • Unit 1 B3 Dimensions: 10x12
  • Unit 1 B3 Level: Lower
  • Unit 1 Bath Characteristics: Main Floor Full Bath
  • Unit 1 Bath Full: 1
  • Unit 1 Total Baths: 1
  • Unit 1 Bedrooms: 3
  • Unit 1 Dining Room: Eat In Kitchen
  • Unit 1 Dining Room Dimensions: 10x10
  • Unit 1 Dining Room Level: Lower
  • Unit 1 Kitchen Dimensions: 12x12
  • Unit 1 Kitchen Level: Lower
  • Unit 1 Living Room Dimensions: 15x12
  • Unit 1 Living Room Level: Lower
  • Number of Unit: 4
  • Unit 1 Number of Units: 1
  • Unit 1 Special Rooms: 3 BR on One Level
  • Unit 1 Total Rooms: 7
  • Unit 1 Finished Square Footage: 956
  • Unit 2 Amenities: Kitchen Window,​Hardwood Floors
  • Unit 2 Bedroom 1 Dimensions: 10x12
  • Unit 2 Bedrrom 1 Level: Upper
  • Unit 2 Bedroom 2 Level: 10x12
  • Unit 2 Bedrrom 2 Level: Upper
  • Unit 2 Bedroom 3 Dimensions: 10x12
  • Unit 2 Bedroom 3 Level: Upper
  • Unit 2 Full Bath: 1
  • Unit 2 Total Baths: 1
  • Unit 2 Number of Bedrooms: 3
  • Unit 2 Dining Room: Eat In Kitchen
  • Unit 2 Dimensions: 10x10
  • Unit 2 Dining Room Level: Upper
  • Unit 2 Kitchen Dimensions: 12x12
  • Unit 2 Kitchen Level: Upper
  • Unit 2 Living Room Dimensions: 15x12
  • Unit 2 Living Room Level: Upper
  • Unit 2 Number of Units: 2
  • Unit 2 Special Rooms: 3 BR on One Level
  • Unit 2 Total Rooms: 7
  • Unit 2 Finished Square Footage: 956
  • Unit 3 Amenities: Kitchen Window,​Hardwood Floors
  • Unit 3 Bedroom 1 Dimensions: 10x12
  • Unit 3 Bedroom 1 Level: Upper
  • Unit 3 Bedroom 2 Dimensions: 10x12
  • Unit 3 Bedroom 2 Level: Upper
  • Unit 3 Bedroom 3 Dimensions: 10x12
  • Unit 3 Bedroom 3 Level: Upper
  • Unit 3 Full Baths: 1
  • Unit 3 Total Baths: 1
  • Unit 3 Bedrooms: 3
  • Unit 3 Dining Room: Eat In Kitchen
  • Unit 3 Dining Room Dimensions: 10x10
  • Unit 3 Dining Room Level: Upper
  • Unit 3 Kitchen Dimensions: 12x12
  • Unit 3 Kitchen Level: Upper
  • Unit 3 Living Room Dimensions: 15x12
  • Unit 3 Living Room Level: Upper
  • Unit 3 Number of Units: 1
  • Unit 3 Special Rooms: 3 BR on One Level
  • Unit 3 Total Rooms: 7
  • Unit 3 Finished Square Footage: 956

Utilities Features

  • Water: City Water/Connected
  • Fuel: Natural Gas
  • Heating: Baseboard,​Space/Wall Heater
  • Unit 1 Appliances: Range,​Refrigerator
  • Unit 1 Air: Window
  • Unit 2 Appliances: Range,​Refrigerator
  • Unit 2 Air: Window
  • Unit 3 Appliances: Range,​Refrigerator
  • Unit 3 Air: Window
  • Number of Ranges: Four
  • Number of Refrigerators: Four
  • Sewer: City Sewer/Connected

Financial Features

  • Annual rent: 12,000
  • Annual Gross Income: 44,400
  • Annual Electric Expense: 409
  • Annual Insurance Expense: 2,052
  • Annual Maintenance Expense: 3,410
  • Annual Repair Expense: 4,927
  • Annual Gross Expense: 13,938
  • Total Annual Expenses: 13,938
  • Annual Trash Expense: 749
  • Annual Water/Sewer Expense: 2,321
  • Unit 1 Monthly Rent: 1,000
  • Unit 2 Annual Rent: 10,800
  • Unit 2 Monthly Rent: 900
  • Unit 3 Annual Rent: 10,200
  • Unit 3 Monthly Rent: 850
  • Tax Amount: 4,720
  • Tax With Assessments: 5,186
  • Tax Year: 2017
  • Tenant Expenses: Electric,​Fuel

Community Features

  • Municipality: Saint Paul
  • County: Ramsey
  • Neighborhood: Payne-Phalen
  • Postal City: Saint Paul (MN)

School Features

  • School District: 625 - St. Paul
  • School District Phone: 651-767-8100

Misc Features

  • Amenities - Shared: Porch
  • Construction Status: Previously Owned
  • Foundation Size: 2,232
  • Has Supplements: 1
  • Homestead: No
  • Potential Short Sale: No
  • Zoning: Residential-Multi-Family

Location

 
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Directions to 586 Reaney Avenue, Saint Paul, MN 55130
Payne west to Minnehaha, north to Reaney
The listing information for 586 Reaney Avenue, Saint Paul, MN 55130 was graciously provided by our friends at the listing brokerage, Realty Group, Inc.

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(Jane Johanns) Market Place Home Mortgage
Jane Johanns
13700 Reimer Drive N Ste 100
Maple Grove, MN 55311
(763) 432-4656 Office
(612) 868-9339 Mobile
(763) 201-9088 Fax
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P&I Payment $1489.15
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Last Updated 08/17/2017 at 9:35pm
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