609 Park St - Apartments FOR SALE


Saint Paul, MN 55103- Capitol
$779,000 USD
651-900-4386
609 Park St, Saint Paul, MN for Sale
$779,000 USD
Apartments - FOR SALE
1/29
null | Request Cap Rate

609 Park St
Saint Paul, MN 55103
Capitol


HIGHLIGHTS

  • Major upgrades within last 5 years: New Roof, Upgraded Kitchen Cabinetry, and Stone Countertop Stainless Appliances, New Flooring
  • Connected mechanicals for less maintenance
  • 4D enrollment potential for significant property tax reductions
  • Rare mix of 2-1BR and 4-2BR an uncommon and highly desirable layout in this market.
  • Many MTM tenants give leasing flexibility and immediate income upside

OVERVIEW

The Capitol Hill 6 – 609 Park Street is a six-unit multifamily asset in St. Paul, MN. The property has undergone extensive upgrades within the past 5 years, including a new roof and soffit, exterior paint, and complete interior renovations across all 6 units. Each apartment features a updated kitchen finishes, upgraded bathrooms with new tile, vanities, and granite countertops, and comfortable layouts with large living rooms and eat-in kitchens. The building’s stucco and brick exterior is in A+ condition, Systems are efficient, with one main boiler and baseboard heating, and each unit is has in-wall air conditioning. Currently 100% occupied. There is an opportunity to enroll the property in the Ramsey County 4D Affordable Housing Program, which can significantly reduce property taxes while maintaining strong operational performance. Located in St. Paul’s Capitol Hill neighborhood, near employment centers, transit, and community amenities.

FOR SALE DETAILS

PRICE

$779,000 USD

PRICE/SF

$113 USD /SF

# OF UNITS

6

PRICE/UNIT

$129,833

CAP RATE

Request Cap Rate

% 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

1965

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

CA

APN/PARCEL ID

31-29-22-22-0066

ASK ABOUT THIS PROPERTY

Doug McNicollMRG Realty PartnersMore Info
651-900-4386

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Doug McNicollMRG Realty PartnersMore Info
651-900-4386

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