107-115 Fairview Ave N - Apartments FOR SALE


Saint Paul, MN 55104- Merriam Park West
$1,850,000 USD
406-291-9103
107-115 Fairview Ave N, Saint Paul, MN for Sale
$1,850,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

107-115 Fairview Ave N
Saint Paul, MN 55104
Merriam Park West


HIGHLIGHTS

  • Major Exterior Renovation Completed
  • New Roof
  • Window Replacements
  • Converted to a Ratio Utility Billing System (RUBS)
  • Merriam Park Location
  • 100% Occupancy

OVERVIEW

Fairview Flats a 12-unit, extensively improved multifamily asset generating $192,000 in gross rents. The property consists of 10 two-bedroom units and 2 studios, plus three heated tuck-under garages. The asset has been fully converted to RUBS, enhancing expense recovery and income stability. Significant recent capital improvements include a full roof replacement (25-year warranty), masonry and exterior restoration, concrete and landscaping upgrades within the last year, and extensive interior updates including mechanical systems, kitchens, bathrooms, and common areas throughout the last 10 years. With stabilized operations and substantial reinvestment completed, this offering represents a true turnkey investment opportunity.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$187 USD /SF

# OF UNITS

12

PRICE/UNIT

$154,167

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fairview Flats

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1916

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

RM2

APN/PARCEL ID

04-28-23-24-0048

ASK ABOUT THIS PROPERTY

MaryPat McNicollMRG Realty PartnersMore Info
406-291-9103

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MaryPat McNicollMRG Realty PartnersMore Info
406-291-9103

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