606 Dayton Ave - Apartments FOR SALE


Saint Paul, MN 55102- Summit-University
$585,000 USD
651-955-4255
606 Dayton Ave, Saint Paul, MN for Sale
$585,000 USD
Apartments - FOR SALE
1/37
null | Request Cap Rate

606 Dayton Ave
Saint Paul, MN 55102
Summit-University


HIGHLIGHTS

  • Roof & Flashing - 2010-2011
  • Boiler - 2019
  • Electric Water Heater - 2019
  • Drainage Plumbing Updates - 2013
  • Electrical Panels Updated - 2015

OVERVIEW

For more information visit: https://606daytonavenueapartments.sharplaunch.com 606 Dayton Avenue offers a rare opportunity to acquire a historic 5-unit property in St. Paul’s Summit-University neighborhood. Originally built as a large single-family residence, the building features spacious units with many preserved original details. A new owner could re-open the first floor and convert the property back to a spacious 4-plex. Improvements include flooring, countertops, appliances (4/5 have dishwashers) to increase desirability. Boiler, water heaters, electrical and plumbing have all been upgraded in the past 10-15 years. Units are spacious with plenty of sunlight from the windows and almost all have been refreshed in the past 10 years. Unit #5 is the caretaker who handles taking trash to the curb, lawn care, and snow removal. Tenants pay their own electric. Most units are on month-to-month leases, giving new ownership the ability to increase income and implement new management procedures. Off-street parking is available and could be monetized upon renewal. The garage has been used for owner storage and new owners can repair or rebuild on the current structure to create more parking & income streams. The property sits just steps from popular restaurants, shops, and public transit options along Selby and Dale.

FOR SALE DETAILS

PRICE

$585,000 USD

PRICE/SF

$98 USD /SF

# OF UNITS

5

PRICE/UNIT

$117,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

606 Dayton Ave Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1890

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

9,888 SF

ZONING

H2

APN/PARCEL ID

01-28-23-22-0063

ASK ABOUT THIS PROPERTY

Nate SchammelMRG Realty PartnersMore Info
651-955-4255

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

Nate SchammelMRG Realty PartnersMore Info
651-955-4255

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