This St. Paul property is currently a duplex and has huge cash flow opportunity. It also can be turned into a triplex once the basement is finished with the existing separate entrance. The smaller 1/1 unit is being rented out with a month-to-month lease and renter pays $700 per month plus electric bill. The renter is aware that the new owners may up the rent and/or renovate the smaller unit. The other 2/2 unit is vacant.
Property Information:
1134 Jessamine Ave E Saint Paul Minnesota 55106
3 Bedroom/3 Bath 1892 sqft 2 car detached garage, Year: 1930
Unit #1- 1bd/1bth, 700sqft and
Unit #2- 2bd/2bth, 1190sqft) 2 car detached garage, 1892fsqft, Year: 1930
Price: $174,000
Estimated Rehab: $30,000
ARV: $265,000+
Suggested Renovation Plan:
1. Both Kitchens: Paint cabinets, new knobs, sink/faucet, epoxy existing countertops, New appliances only in lower unit,
2. Flooring: Refinish hardwood all throughout, new flooring in both kitchens and new carpet in 1/1 unit
3. Replace 10 windows(all others are brand new)
4. Interior Paint: repair ceiling on main level, paint all walls, ceiling, doors, trim.
5. Exterior Paint: scrape and paint brick molding
6. Bathrooms: Very light renovation on all 3 bathrooms.
Main Level bath: new flooring(same as kitchen)
Larger unit upper: Install door trim
Smaller unit bath: New flooring, repair/epoxy all tile.
NOTE:
**Buyers pay both sides of closing costs that are payable to the closing company. **Closing date has been set for May 3rd (5/3) or sooner if the buyer is able.**Highest and best by this Thursday (4/29) at 12pm.**Please add your finders fee on top.**Information deemed reliable, not guaranteed. Buyer/buyers agent responsible to confirm information.
**Buyers pay both sides of closing costs that are payable to the closing company. **Closing date has been set for May 3rd (5/3) or sooner if the buyer is able.**Highest and best by this Thursday (4/29) at 12pm.**Please add your finders fee on top.**Information deemed reliable, not guaranteed. Buyer/buyers agent responsible to confirm information.
To Schedule A showing Please Contact Matt at (952-392-9673) Call/Text
Front Exterior
Main House- 2 Bedroom 2 Bath
Back Unit – 1 Bedroom 1 Bath
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To Schedule A showing Please Contact Matt at (952-392-9673) Call/Text
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