1599-1605 Rice St - Apartments FOR SALE


Saint Paul, MN 55117- North of Maryland
$829,999 USD
651-370-9026
1599-1605 Rice St, Saint Paul, MN for Sale
$829,999 USD
Apartments - FOR SALE
1/3
null | 11.07% Cap Rate

1599-1605 Rice St
Saint Paul, MN 55117
North of Maryland


OVERVIEW

Rare opportunity to own a well-maintained 2004-built 4-unit investment property totaling 5,230 SF on a .21-acre lot. This turnkey investment features two spacious 4BR/2BA units (1, 635 SF each) and two 3BR/1BA units (980 SF each) , all with individual entrances and attached garages. PROPERTY HIGHLIGHTS : Built in 2004 with modern amenities throughout Individual HVAC systems for each unit In-unit washer/dryer connections Stainless steel appliances including side-by-side refrigerators Wood flooring and ample storage 4 attached garages plus 5 surface parking spaces (2.25 spaces/ unit) Excellent condition with minimal deferred maintenance Pro Forma NOI: $91, 871 (11.07% cap rate with market rents).

FOR SALE DETAILS

PRICE

$829,999 USD

PRICE/SF

$159 USD /SF

# OF UNITS

4

PRICE/UNIT

$207,500

CAP RATE

11.07%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2004

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

-

APN/PARCEL ID

24-29-23-11-0128

ASK ABOUT THIS PROPERTY

David KampmeyerGrant Johnson GroupMore Info
651-370-9026

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David KampmeyerGrant Johnson GroupMore Info
651-370-9026

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