Active

1048 Lafond Avenue

Saint Paul MN, 55104

$385,000


$145.94 per sqft

Active

2,638 sqft

Multi-family

Built in 1948

This well-maintained triplex offers a prime investment opportunity or the perfect owner-occupied home with rental income. Several major updates have already been completed, making this property a great value. Improvements include a brand-new roof, all-new plumbing, and a new deck. The boiler is also just a few years old, ensuring long-term reliability. Lower level unit is a fully renovated 1-bedroom unit with a modern kitchen, new bathroom, and fresh paint throughout. The 1st floor is occupied by a long-term Section 8 tenant, paying $1,500 per month with a lease through October 2025. The upper unit rents for $1,100 per month with a lease through March 2025. Situated on a double lot in a highly sought-after location, this property is conveniently located between University Avenue and Como Park, offering easy access to local amenities, transit, and green spaces. Don't miss this rare opportunity to own a triplex with stable cash flow and extensive recent updates--ideal for both investors and owner-occupants looking to offset their mortgage with rental income.

6633562

MLS ID

November 20, 2024

Listed

November 20, 2024

Updated

Map

1048 Lafond Avenue
Saint Paul MN, 55104

Interior Features

Total Stories

2


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0.2 Acres


Roof

Age 8 Years or Less


Sewer

City Sewer/Connected

School Information

School District

St. Paul

Other Property Details

Taxes

$5,160


Tax Frequency

Annually


Garage

Yes


Garage Spaces

3


Parking

Attached Garage, Detached


View

No


County

Ramsey


Water Source

City Water/Connected


Pool

No

 

Courtesy of Keller Williams Integrity Realty

If a listing is in Coming Soon status, it is not currently available for showings but will be soon. Open House information is subject to change without warning. This home sale information is not an appraisal, competitive or comparative market analysis, CMA, or home evaluation. Information Deemed Reliable But Not Guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Regan + Hornig shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 Northstar MLS. All rights reserved. 

Data last updated 9:51 PM UTC, 11/20/2024

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