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$1,099,000
6803172 MLS
1619 Hubbard Avenue is a remarkable investment opportunity to acquire 9 well-appointed units steps away from the prestigious Hamline University and five blocks south of the Minnesota State Fairgrounds. Every apartment is unique and spacious with some of them receiving solid surface quartz countertops, stainless steel appliances, refinished hardwood flooring, original French doors and luxury vinyl plank. Kitchens and bathrooms are remodeled with newer tile, cabinets, plumbing and lighting fixtures and fresh paint. Newer hot water boiler services all the apartments for heat. All the electrical panels and breakers have been updated. The exterior siding is maintenance free and windows have all been replaced. Both the pitched roofs on the main building and detached garage are newer. Building sits on a larger 0.34 acres with a five-car garage for additional income and a back parking lot for tenants with plenty of off-street parking. Lower level has the potential to add another unit making it a 10-unit. This asset is 100% full and super easy to keep rented. In place NOI of $67,772 and a 6.16% cap rate. This property has been well managed over the years and has great curb appeal!

1619 Hubbard Avenue, Saint Paul

Listing courtesy of Apartment Cash Flow, Inc..

$1,250,000
6780226 MLS
Turnkey 9-Unit Apartment Building. Fully Occupied Excellent investment opportunity with nine 1-bedroom units, all currently leased to long-term tenants. Perfect cash flow oppurtunity. Located in a highly accessible area, close to public transit, restaurants, shopping, and with easy freeway access, this property is ideal for both tenants and investors. Property Highlights: New plumbing throughout, roof replaced in 2016 with leak-proof membrane shingles (lifetime warranty). Off-street parking available with rear parking stalls for each tenant. Units #6 and #9 have been remodeled. Investment has Strong rental history with 100% occupancy. Investment property has strong potential. Don’t miss out on this solid, income-producing asset with upside potential!

1711 7th Street E, Saint Paul

Listing courtesy of Diversified Realty.

$1,150,000
6739015 MLS
Charles Place apartments presents a unique value-add investment opportunity right in the heart of Saint Paul within walking distance to the newly built Allianz Stadium where the MN United soccer team plays! This whole Merriam Park neighborhood currently is in an opportunity zone and is getting transformed into a trendy and upscale destination. Take advantage of this opportunity to acquire 15 units, all-brick exterior, built in 1940 with original oak hardwood flooring and original doors and plaster coved ceilings. A newer Lochinvar Knight hot water boiler system was installed in 2012 and newer water heaters in 2010. The whole building received newer Andersen Series 100 windows in 2018. Electrical panels to each unit are on 60-amp breakers. Operations receive additional revenue from on-site coin operated laundry. All units are currently occupied and leased and ready for new owners to take over!! Average studio rent is $777 and average one-bedroom rent is $876 per month with plenty of room to move these rents up to market. Stabilized with zero delinquencies and a current in place 9.23% Cap Rate!!

1631 Charles Avenue, Saint Paul

Listing courtesy of Apartment Cash Flow, Inc..

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