1142 Farrington Street, St. Paul
$239,000, 3 units
WilliamRobert is pleased to present for sale this well-maintained triplex located in the North End of St. Paul. This triplex is convenient to I35E and to Como Park.
This triplex features a small 1 bedroom apartment upstairs, a 1+ bedroom in the front and a 2 bedroom apartment in the rear. It also has a one car, detached garage. Two apartments were updated 10+ years ago and still look good. The third was just remodeled and looks fantastic. Because of the great location and nice apartments, this building is easy to operate. It is on a spacious corner lot that is nicely landscaped.
There is coin operated laundry in the basement for the residents to all use. The property has a common boiler. Owner pays for heat, water and trash. The electric is split out and the residents pay their own electric bill.
With the nicely remodeled apartment, this is a great owner-occupied building or a solid, easy to run, investment property.
Gross Operating Income: $26,220
Total Expense: $12,128
Net Operating Income: $14,092
Cash on Cash Return: 10.48%
Cap Rate: 5.9%
Year Built: 1922
Parking: Detached one car garage
Heating: Hot Water Boiler
Roof Style: Sloped and shingled
Assessed Value: $114,800