729 Oakdale Ave - Apartments FOR SALE


Saint Paul, MN 55107- Baker-Annapolis
$2,600,000 USD
651-263-3653
729 Oakdale Ave, Saint Paul, MN for Sale
$2,600,000 USD
Apartments - FOR SALE
1/24
null | 7.17% Cap Rate

729 Oakdale Ave
Saint Paul, MN 55107
Baker-Annapolis


HIGHLIGHTS

  • 3-Story all brick exterior
  • 10 detached garages for extra income
  • On-site coin laundry
  • Excellent mix of 12-2bd and 11-1bd apartments
  • Located across 0.52 acres on a corner lot

OVERVIEW

This is an amazing opportunity to acquire a solid well-built 23-unit apartment building close to the Cherokee Park neighborhood of Saint Paul and near West Saint Paul & South St. Paul cities in Minnesota. Built in 1963 the unit make-up is twelve 2-bedroom and eleven 1-bedroom apartments all with one full bathroom. Beautiful all-brick exterior with three stories and spread across an oversized 0.52-acre corner lot. Fully rented, on-site coin laundry and a newer hot water heater! Average two-bedroom rents are at $1,184 and one-bedroom rents at $1,049. There are five two-car double garages that are 100% occupied and bring in extra cash flow. Located on a bus route and near highways 52, 494, and 94 729 Oakdale Ave is the perfect investment property to buy with doing a 1031 IRC tax exchange from the sale of your smaller 4-10 units. Increase your monthly cash flow and take advantage of your tax benefits with new depreciation.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$125 USD /SF

# OF UNITS

23

PRICE/UNIT

$113,043

CAP RATE

7.17%

% 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

1963

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

-

APN/PARCEL ID

08-28-22-31-0139

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.