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Investment Alert! Seize this exceptional opportunity to own a meticulously maintained side-by-side duplex, ideally situated just five blocks from the recreational haven of Lake Phalen and backing directly onto the scenic Bruce Vento Trail! This income-generating property delivers immediate cashflow or the chance for owner occupancy. On one side, a spacious 3-bedroom, 1.5-bathroom unit is securely leased through August 2025, generating a solid $1,700 per month. The adjacent 2-bedroom, 1-bathroom unit offers flexible income with a month-to-month tenancy currently at $1,300 per month. Both units benefit from a convenient shared laundry area featuring a new washer and dryer (2019) and abundant dedicated storage space. This isn't just about location - significant recent investments ensure worry-free ownership. Imagine a resurfaced asphalt driveway (2021) leading to updated garage with new door openers, rails, springs and rollers (2019). Above, a brand-new roof, gutters, fascia, and soffit (2022) provide lasting protection. Inside, tenants enjoy comfort with new, efficient Furnace and A/C units installed in 2022, backed by an impressive 10-year parts & labor warranty! A 2019 radon mitigation system and updated windows add peace of mind. Plus, both units feature updated appliances, enhancing tenant satisfaction. Beyond the property itself, the location is unbeatable. Residents enjoy effortless access to the outdoor activities and beauty of Lake Phalen and can step directly onto the Bruce Vento Trail for biking, walking, and recreation. Adding to the investment appeal, the property holds a Rental License and Certificate of Occupancy valid through 2031, streamlining operations for the new owner. Don't miss this chance to acquire a turnkey investment property in a sought-after St. Paul location, offering immediate cashflow, recent high-value upgrades, and exceptional tenant appeal!
Property Type(s):
Multi Family
| Tract | Lakeview Add 1 | Year Built | 1967 |
|---|---|---|---|
| Garage Spaces | 2.0 | County | Ramsey |
Additional Details
| BASEMENT | Block, Concrete, Finished, Storage Space, Sump Pump, Yes |
|---|---|
| CONSTRUCTION | Stucco |
| GARAGE | Yes |
| HEAT | Forced Air, Natural Gas |
| LOT | 8276 sq ft |
| LOT DIMENSIONS | 60x134x60x137 |
| PARKING | Detached |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | Lakeview Add 1 |
| TAXES | 5544 |
| WATER | Public |
| ZONING | Residential-Multi-Family |
Listed with Northstar Real Estate Associates
The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Regional Multiple Listing Service of Minnesota, Inc. All real estate listings are marked with the Broker ReciprocitySM logo, and detailed information about them includes the name of the listing brokers.
Information deemed reliable but not guaranteed.
Copyright 2025 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
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