Located in Saint Peter's north end this 4 bedroom, 2 bathroom home has an open floor plan and plenty of finished sq ft up and down. Great view of a natural area/prairie right out your front door. Attached garage This property is priced to sell as there could be room for some improvements and updates, but great opportunity to quickly gain some sweat equity. Comes for yourself today! (price reflects current condition and work needed)
OPPORTUNITY KNOCKS WITH THIS EIGHT UNIT MIXED-USE BUILDING FOR SALE. THE PROPERTY IS LOCATED IN THE CENTRAL BUSINESS DISTRICT IN DOWNTOWN SAINT PETER, MN. THE MAIN FLOOR HAS TWO LARGER RETAIL AND/OR OFFICE SPACES AND ARE CURRENTLY LEASED. THE SECOND AND THIRD FLOORS FEATURE SIX LOFT STYLE APARTMENTS WITH TALL CEILING HEIGHT AND SOME EXPOSED BRICK. THE EXTERIOR IS ALL BRICK AND HAS RECEIVED ALL NEWER WINDOWS AND BLACK AWNINGS. THERE IS A PARKING LOT IN BACK FOR TENANTS AND ALSO AN ATTACHED GARAGE. THE LOWER LEVEL IS USED FOR STORAGE AND COULD BE AN OPPORTUNITY FOR MORE INCOME WITH YOUR IDEAS. EACH COMMERCIAL TENANT PAYS FOR THEIR OWN UTILITIES INCLUDING EXTRA FOR TRASH. THE RESIDENTS UPSTAIRS ARE RESPONSIBLE FOR PAYING THEIR OWN UNIT ELECTRIC AND OWNER PAYS FOR THE BOILER HEAT, WATER, AND TRASH. IN-PLACE CAP RATE IS CURRENTLY OVER 7.15% WITH ROOM TO RAISE RENTS ORGANICALLY OVER THE NEXT 1-2 YEARS IN A NON RENT CONTROLLED CITY. CALL TO GET MORE FINANCIALS!
Your next investment property awaits you in St. Peter. This historic building with Victorian charm is a 4-plex that has been well takencare of and many updates have already been taken care of as well. The 4-plex is located one block from the Minnesota Square Park, close to GustavusCollege and a short walk to all of the downtown amenities. There may be room behind the building to add garages. You would need to check with theCity of St. Peter. The building ahs all new steel siding, new roof in Nov. 2023, new chimney with a new cement cap in Oct. 21, New stainless steelchimney liner from the top of the chimney to the furnace in May 21. All new appliances within the last 4 years, New water heater in 2019, Coin operatedwasher and dryer in the basement. New dryer in 2023. All windows are aluminum combination storm windows. The units are all leased and ready for a new owner.
Here is your chance to build a house that ticks all your boxes in an established neighborhood in St Peter! Close to South Elementary School! The level lot is almost 1/4 an acre. Get ready for building in the Spring!
Saint Peter is located in Minnesota. Saint Peter, Minnesota has a population of 11,699. Saint Peter is less family-centric than the surrounding county with 24.66% of the households containing married families with children. The county average for households married with children is 30.55%.
The median household income in Saint Peter, Minnesota is $59,692. The median household income for the surrounding county is $74,317 compared to the national median of $69,021. The median age of people living in Saint Peter is 32.6 years.
The average high temperature in July is 83 degrees, with an average low temperature in January of 4.7 degrees. The average rainfall is approximately 31.7 inches per year, with 38.7 inches of snow per year.