Recent Listings

1142 Farrington Street, St. Paul

1142 Farrington Street
$239,000, 3 units

Property Introduction

 

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.

 

 

Financial Summary

Highlights

Gross Operating Income:     $26,220

Total Expense:                    $12,128

Net Operating Income:        $14,092

Price/unit:                          $79,667

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