$224,900

1221 Ross Avenue, Saint Paul, MN 55106

  • 4 beds |
  • 2 baths |
  • 2,011 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1923
  • Property Lot Size Icon5,663sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $112/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

This property is being sold at a discount and has strong cash flow possibilities. A contractor has provided an estimate of $24,200 for recommended updates. No repairs have been started, and the property is already priced below market to reflect this. When repairs are completed, the after-repair value (ARV) is estimated to be $260,000, making this an excellent value-add opportunity. The lower-level unit is leased through December 2026 at $1,300/month, providing stable, long-term income. When both units are occupied, the property cashflows, making it ideal for buy-and-hold investors. Buyers are encouraged to conduct their own due diligence.

Listing Status:
Active
Listing Office:
eXp Realty : 320-500-4397
MLS ID:
6819027
  • Basement: Block
  • Heating: Boiler
  • Parking: Gravel
  • General: Two
  • HOA Amenities: None
  • Originating MLS: northstar
  • School District: St. Paul
  • County: Ramsey
  • Zoning: 282922440120
  • Water: City Water/Connected
  • Sewer: City Sewer/Connected
  • Source: northstar

This listing courtesy of eXp Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

A

American Indian Magnet School

1075 3rd St E, Saint Paul, MN, 55106

Grades PK-8

0.68 miles away

P

Parkway Montessori/Community Middle School

1363 Bush Ave, Saint Paul, MN, 55106

Grades 6-8

0.31 miles away

H

Harding Senior High School

1540 6th St E, Saint Paul, MN, 55106

Grades 9-12

0.78 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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