Easy to own and maintain 4-plex, each apartment has: 1 bedroom, 1 bath, kitchen, living room, windows on 3 sides, private entrance. #1 has the front porch + bsmt. 2 stall garage and parking for 4 cars. No laundry. Current owner has owned for 24+ years, and has replaced: roof, siding, windows, stair treads, parking lots, retaining wall, water heater, high efficiency furnace, and as needed: appliances, electrical, plumbing, and flooring: hardwood, carpet, vinyl. Long term tenants. Tenants pay: gas for their range, electricity, and provide their own air conditioning. Owners pay: heat, water, sewer, garbage, lawn/snow care, electricity for basement. There is more potential income by renting basement for storage. Current income: (1) $900(2) $885(3) $885(4) $880, (E garage) $70, (W garage) $70. New owner must get a rental license from the City of South St Paul after closing. South St Paul does not have rent control and is located in Dakota County.
Listing courtesy of Tamara A. Kappauf, Maxwell Blue Real Estate
