394 Pierce St N is a seven unit apartment building in St Paul, built in the late 1950s with all one bedroom units across two levels and open stairwells at each end of the building.? Three units sit on the lower level and four on the upper level.?
The building operates simply.? Utility chargebacks are already in place, with water and sewer split across tenants and flat trash fees on most leases.? A portion of the units have been updated while the rest remain original, so the path to higher rents runs through standard unit turns rather than heavy capital work.?
The property is professionally managed and the financial file is organized, including an itemized rent roll, tenant ledgers and current leases, so diligence can move quickly.?
Respectable proposals from qualified, verified buyers will be considered as received.? The seller favors clean terms with certainty of close.? A direct contract for deed is not available, but the seller is open to creative proposals that include a partial carryback.?
Interior photos and 3D unit models are available.? Contact the listing broker for the full financial package and flyer.?