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1049 Gorman Avenue, West Saint Paul, MN 55118

$449,900
SQUARE FEET 2,846
MLS# 7156355
  • 1049 Gorman Avenue, West Saint Paul, MN 55118 Main Photo

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STATUS: Active
PROPERTY TYPE: Multi Unit - Multiple
SUBDIVISION: Michel B Add
SCHOOL: West St. Paul-Mendota Hts.-Eagan

Property Description

Fantastic owner-occupant or investment opportunity! This 6-bedroom, 3-bath triplex offers three separateliving spaces with excellent income potential.Turnkey 6-bedroom, 3-bath triplex with strong income potential in West St. Paul. Three separate living spaces include a 1BR/1BA lower unit, 2BR/1BA main-level unit with two living areas and private laundry, and spacious 3BR/1BA upper unit. Rental-grade renovations have already been completed, making this an excellent opportunity for an investor or owner-occupant.Pro-forma rents of approximately $5,050/month ($60,600 annually), plus potential garage income. At the $449,900 asking price, this represents an approximately 8.1% pro-forma cap rate using a 40% operating-expense assumption.Property features a 2+ car detached garage, corner lot and location directly across from a park. Excellent opportunity to acquire a renovated three-unit property with multiple income streams and strong rental potential.The spacious main-level unit features 2 bedrooms, a dining room, private laundry and central air-perfectfor an owner-occupant. Live comfortably on the main level while generating rental income from the othertwo units.The upper-level unit features 3 bedrooms, plus additional attic space for storage. The lower-level unit offers 1 bedroom, kitchen, bathroom, dining room and living room, providing another source of rental income. Laundry shared for Upper and Lower unit. The exterior features low-maintenance vinyl siding and a 2-car garage. A great opportunity to live in one unit while the other units help offset your housing costs-or add a solid multi-unit property to your investment portfolio.

1049 Gorman Avenue | MLS# 7156355

This multi-family property located at 1049 Gorman Avenue, West Saint Paul, MN 55118 is currently listed for sale with an asking price of $449,900. Gorman Avenue is located within the West St. Paul-Mendota Hts.-Eagan school district. Search West Saint Paul real estate on www.counselorrealty.org today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Block, Finished, Kitchenette
Garage: 2
Heating: Forced Air
Lot Size: 0.16 Acres
Taxes: $5,518
Year Built: 1941

Feature Descriptions

Days on Site: 4
Foundation Size: 1166
Lot Dimensions: 50x140
Owners Expense: See Remarks
Parcel#: 424810011110
Parking: Detached Garage
Sewer: City Sewer/Connected
Tenant Expenses: See Remarks
Units: 3
Water: City Water/Connected

Local Schools

School District: West St. Paul-Mendota Hts.-Eagan

Listed By / Shown By

Listed By

Agency Name: Ashworth Real Estate
Agency Phone: 612-594-5542

Shown By

Agency Title: Counselor Realty
Agency Phone: 612-405-8404

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Estimated Payment

$ 2,985.61 per month $2,394.56 Principal & Interest $459.83 Property Tax $131.22 Homeowner's Insurance

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