744 Simon Ave - Apartments FOR SALE


Saint Paul, MN 55117- South Como
$459,000 USD
612-562-3773
744 Simon Ave, Saint Paul, MN for Sale
$459,000 USD
Apartments - FOR SALE
1/17
null | 6.4% Cap Rate

744 Simon Ave
Saint Paul, MN 55117
South Como


OVERVIEW

Amazing investment opportunity in an in-demand St. Paul neighborhood that consistently attracts renters. This well maintained, and considerably updated 5-unit property is fully leased and ready to bring you positive cash flow! While the property is turn key as-is, there are still value-add opportunities available to maximize rents as MSP's nationally low rent rates start to recalibrate over the next several years. Unit mix - (1) studio, (3) one-bedroom, (1) two-bedroom. Each unit has it's own separate electric meter, and other utilities are either tenant's outright responsibility, or billed back.

FOR SALE DETAILS

PRICE

$459,000 USD

PRICE/SF

$92 USD /SF

# OF UNITS

5

PRICE/UNIT

$91,800

CAP RATE

6.4%

% 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

1912

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,009 SF

ZONING

Residential Multi-Family

APN/PARCEL ID

26-29-23-14-0059

ASK ABOUT THIS PROPERTY

Daniel O'BrienThe Stepping Stone GroupMore Info
612-562-3773

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

Daniel O'BrienThe Stepping Stone GroupMore Info
612-562-3773

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