1619 Hubbard Ave - Apartments FOR SALE


Saint Paul, MN 55104- Hamline-Midway
$1,250,000 USD
651-263-3653
1619 Hubbard Ave, Saint Paul, MN for Sale
$1,250,000 USD
Apartments - FOR SALE
1/24
null | 5.87% Cap Rate

1619 Hubbard Ave
Saint Paul, MN 55104
Hamline-Midway


HIGHLIGHTS

  • Newer Roofs
  • Newer Windows
  • Newer hot water boiler
  • Loads of historical charm in the woodwork and hardwood floors
  • Close to MN State Fairgrounds and walking distance tho the prestigious Hamline University

OVERVIEW

1619 Hubbard Avenue is a remarkable investment opportunity to acquire 9 well-appointed units steps away from the prestigious Hamline University and five blocks south of the Minnesota State Fairgrounds. Every apartment is unique and spacious with some of them receiving solid surface quartz countertops, stainless steel appliances, refinished hardwood flooring, original French doors, and luxury vinyl plank. Kitchens and bathrooms are remodeled with newer tile, cabinets, plumbing and lighting fixtures and fresh paint. Newer hot water boiler services all apartments for heat and electrical panels and breakers have been updated. The exterior siding is maintenance free and windows have all been replaced. Both the pitched roofs on the main building and garage are newer. Building sits on a larger 0.34 acres with a detached five car garage for additional income and a back parking lot for tenants. This asset is 100% full and super easy to keep rented. Well Managed and great curb appeal!

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$167 USD /SF

# OF UNITS

9

PRICE/UNIT

$138,889

CAP RATE

5.87%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1900

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

Multi family

APN/PARCEL ID

28-29-23-44-0014

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 Notice.