About 1562 Edmund Avenue
Edmund apartments presents a unique opportunity to buy with seller financing. Achieve a higher return on your investment by structuring a deal that works for you. This property features one building with three single car detached garages bringing in extra income. All units are fully occupied featuring eight 1-bedroom and 1-bath apartments. In the rear is a detached garage that comes with the sale and was built in 1913. Total square footage is 6,556 over two floors. Current in-place rents are $939.12 per month for the one bedrooms. Onsite coin laundry and extra storage lockers in the basement. All apartments feature hardwood floors, tall ceilings and loads of original trim and doors. Roof was replaced in 2022. Hot water boiler was replaced in 2015. The same ownership group also is offering a 9-unit for $725,000 located next door to the south at 1563 Charles Ave that can also be purchase on a contract for deed. Terms negotiable.
Features of 1562 Edmund Avenue
| MLS® # | 7154979 |
|---|---|
| Price | $650,000 |
| Acres | 0.15 |
| Year Built | 1913 |
| Type | Commercial Sale |
| Status | Active |
Community Information
| Address | 1562 Edmund Avenue |
|---|---|
| Area | 93 |
| Subdivision | Hamline Syndicate Add, No3 |
| City | Saint Paul |
| County | Ramsey |
| State | MN |
| Zip Code | 55104 |
Amenities
| Utilities | Electric Separate, Heating Common, Hot Water Common |
|---|---|
| Parking | Detached Garage |
| # of Garages | 3 |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Appliances | Range, Refrigerator |
|---|---|
| Heating | Boiler, Hot Water |
| Cooling | Window Unit(s) |
| Fireplace | No |
Exterior
| Exterior Features | Stucco |
|---|---|
| Roof | Age 8 Years or Less, Flat |
| Construction | Concrete |
School Information
| District | St. Paul |
|---|
Additional Information
| Days on Market | 9 |
|---|---|
| Zoning | Residential-Multi-Family |
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Office | Apartment Cash Flow, Inc. |
|---|