About 256 2nd Avenue S
Easy to own and maintain 4-plex, each apartment has: 1 bedroom, 1 bath, kitchen, living room, windows on 3 sides, private entrance. #1 has the front porch + bsmt. 2 stall garage and parking for 4 cars. No laundry. Current owner has owned for 24+ years, and has replaced: roof, siding, windows, stair treads, parking lots, retaining wall, water heater, high efficiency furnace, and as needed: appliances, electrical, plumbing, and flooring: hardwood, carpet, vinyl. Long term tenants. Tenants pay: gas for their range, electricity, and provide their own air conditioning. Owners pay: heat, water, sewer, garbage, lawn/snow care, electricity for basement. There is more potential income by renting basement for storage. Current income: (1) $900(2) $885(3) $885(4) $880, (E garage) $70, (W garage) $70. New owner must get a rental license from the City of South St Paul after closing. South St Paul does not have rent control and is located in Dakota County.
