991 Wakefield Ave - Residential Income FOR SALE


Saint Paul, MN 55106- Dayton's Bluff
$1,500,000 USD
651-270-1667
991 Wakefield Ave, Saint Paul, MN for Sale
$1,500,000 USD
Residential Income - FOR SALE
1/5
null | Request Cap Rate

991 Wakefield Ave
Saint Paul, MN 55106
Dayton's Bluff


OVERVIEW

This sale consist of 5 duplex units located at 991/993 Wakefield Ave, 991/993 Hudson Ave, 856 Burr St N, 982 Burr St N, and 686 Bradley St. All properties participate in the NSP program with affordability covenants in place through August 2028, providing stable, AMI-based income at 50% AMI with a clear path to increased rents at 60% AMI upon program maturity. The portfolio is comprised primarily of duplex-style assets with larger unit configurations, strong occupancy history, and consistent cash flow. Operational advantages include reduced property taxes through 4D classification and exemption from Saint Paul rent stabilization enforcement. Ideal for investors seeking predictable income, operational stability, and long-term upside through structured rent growth & scalable acquisition opportunities.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$1 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Phase 3

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1916

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

33-29-22-31-0222

ASK ABOUT THIS PROPERTY

Henry EdelsteinColdwell Banker Realty BurnetMore Info
651-270-1667

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Henry EdelsteinColdwell Banker Realty BurnetMore Info
651-270-1667

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