32
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$500,000
Est. payment /mo
4,791 Sqft Lot
New
222 Frank ST Saint Paul, MN 55106
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UPDATED:
03/01/2025 05:51 PM
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Suburban Hills
MLS Listing ID 6678042
Year Built 1912
Annual Tax Amount $8,672
Tax Year 2024
Contingent None
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 50x100
Property Sub-Type Apartment
Property Description
Seize this exceptional chance to acquire a low-maintenance, multi-family property boasting an impressive 8.76% cap rate. Built in 1912 and comprehensively updated: including a new roof in 2023, this 2,808 sq ft building comprises multiple 1-bedroom units. Notably, rents are 90% guaranteed, ensuring a reliable income stream. Situated in the vibrant Dayton's Bluff neighborhood, the property is within walking distance to the historic Indian Mounds Regional Park, offering scenic views of the Mississippi River and the St. Paul skyline. Residents will appreciate proximity to downtown Saint Paul, providing easy access to shopping, dining, and entertainment. Public transportation options are readily available, enhancing tenant convenience. With its strategic location, strong rental history, and recent capital improvements, 222 Frank Street stands out as an ideal investment for discerning investors seeking stable returns and long-term growth potential
Location
State MN
County Ramsey
Zoning Residential-Multi-Family
Interior
Heating Hot Water
Inclusions Building
Fireplace No
Exterior
Parking Features On-Street Parking Only
Utilities Available Electric Separate, Heating Separate, Hot Water Separate
Roof Type Age 8 Years or Less
Present Use Residential
Building
Story Two
Foundation 988
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Vinyl Siding
Schools
School District St. Paul
Listed by Vance Ross • Keller Williams Premier Realty
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