1910 Feronia Ave - Apartments FOR SALE


Saint Paul, MN 55104- Merriam Park West
$1,300,000 USD
651-263-3653
1910 Feronia Ave, Saint Paul, MN for Sale
$1,300,000 USD
Apartments - FOR SALE
1/31
null | 5.67% Cap Rate

1910 Feronia Ave
Saint Paul, MN 55104
Merriam Park West


HIGHLIGHTS

  • Fully Occupied
  • Newer Roof and Windows
  • Coin Laundry Onsite
  • 18 Off Street Parking Spots
  • Newer Kitchens and Bathrooms

OVERVIEW

This is an amazing opportunity to acquire seven well-appointed apartments located in the heart of the Midway neighborhood of Saint Paul, MN. Every unit is unique in its own way accentuating remodeled kitchens and bathrooms, hardwood floors and luxury vinyl plank, and stainless-steel appliances. The unit mix is five 2-bedroom and two 3-bedroom. Well-constructed in 1890 and featuring newer roof, vinyl siding, and windows. Fully rented, on-site coin laundry, and balconies! One of the units is a two story two-bedroom and one 1/2 bath apartment with a spiral staircase. Property sits on 1/3 of an acre, nicely landscaped, new concrete sidewalks and stairs, and decorative retaining wall.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$141 USD /SF

# OF UNITS

7

PRICE/UNIT

$185,714

CAP RATE

5.67%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1890

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

Multi and residential

APN/PARCEL ID

33-29-23-31-0068

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.