1621 St Anthony Ave - Apartments FOR SALE


Saint Paul, MN 55104
$1,199,900 USD
651-263-3653
1621 St Anthony Ave, Saint Paul, MN for Sale
$1,199,900 USD
Apartments - FOR SALE
1/22
null | 6.31% Cap Rate

1621 St Anthony Ave
Saint Paul, MN 55104


HIGHLIGHTS

  • Tenants all pay for their unit electric.
  • Owner pays for Water, Sewer, & Trash Expenses.
  • OFF-STREET PARKING IN THE REAR LOT
  • NEWER VINYL WINDOWS THROUGHOUT
  • ALL BRICK EXTERIOR / SECURED BUILDING
  • ALL LARGE CORNER TWO-BEDROOM UNITS

OVERVIEW

PRIME LOCATION ONE BLOCK FROM THE ALLIANZ SOCCER STADIUM IN ST.PAUL, MINNESOTA. ALL BRICK EXTERIOR FEATURING ELEVEN TWO-BEDROOM, ONE-BATH UNITS. EACH UNIT HAS A SIMILAR LAYOUT WITH APPROXIMATELY 750+ SQFT. PLENTY OF OFF-STREET PARKING SPACES IN THE REAR ASPHALT SURFACED LOT. BUILDING IS IN VERY CLEAN CONDITION AND IS PROFESSIONALLY MANAGED. SECURED ENTRY BUILDING AND OFFERS RESIDENTS LOWER LEVEL SEPARATE STORAGE LOCKERS AND COIN OPERATED LAUNDRY FACILITIES. NEWER WINDOWS AND ROOF IS APPROX. 11-12 YEARS OLD. VALUE-ADD OPPORTUNITY WITH MORE ROOM TO PUSH RENTS UP IN THIS MARKET. CURRENT IN-PLACE NET OPERATING INCOME IS $75,738. CALL FOR MORE DETAILS.

FOR SALE DETAILS

PRICE

$1,199,900 USD

PRICE/SF

$104 USD /SF

# OF UNITS

11

PRICE/UNIT

$109,082

CAP RATE

6.31%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1960

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

RM-2

APN/PARCEL ID

33-29-23-41-0059

ASK ABOUT THIS PROPERTY

Nathan OpatzApartment Cash Flow, IncMore Info
651-263-3653

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Nathan OpatzApartment Cash Flow, IncMore Info
651-263-3653

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.