195 Lexington Pky N - Apartments FOR SALE


Saint Paul, MN 55104- Lexington-Hamline South
$1,495,000 USD
651-263-3653
195 Lexington Pky N, Saint Paul, MN for Sale
$1,495,000 USD
Apartments - FOR SALE
1/25
null | 6.89% Cap Rate

195 Lexington Pky N
Saint Paul, MN 55104
Lexington-Hamline South


HIGHLIGHTS

  • Newer Roofs 2021
  • Newer Hot Water System 2021

OVERVIEW

This is a unique opportunity to acquire thirteen well-appointed apartments located in the heart of the Summit University and Union Park neighborhoods of Saint Paul, Minnesota. Stunning curb appeal, featuring 100% all brick and stone exterior. All the roofs have recently been replaced in 2021. The unit mix is all one bedroom, one bath with original oak hardwood floors and trim. Newer hot water boiler system and water heaters. Large double corner lot with over 0.35+ acres, twelve detached garages and a patio area for residents. This asset is the perfect property to buy in your 1031 IRC Tax Exchange!! The neighborhood is centrally located and offers numerous restaurants, coffee shops, and parks, such as Linwood, Merriam, Iris, Cathedral Hill, and Western Sculpture Parks. Highly walkable with great access to public transportation along Lexington and the University METRO Green Line light rail. Just north of the historic Summit avenue with affluent mansions, churches, and colleges.

FOR SALE DETAILS

PRICE

$1,495,000 USD

PRICE/SF

$149 USD /SF

# OF UNITS

13

PRICE/UNIT

$115,000

CAP RATE

6.89%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Lexington

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1921

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,327 SF

ZONING

Multi-Family

APN/PARCEL ID

03-28-23-11-0083

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.