Saint Paul, MN - 52 & 58 Douglas St - 8 UNITS - $895,000

DOUGLAS STREET FLATS IS A UNIQUE ONE PARCEL TWO BUILDING 8-UNIT INVESTMENT OPPORTUNITY VERY CLOSE TO DOWNTOWN SAINT PAUL, THE MALL OF AMERICA, AND THE MPLS/ST.PAUL INTERNATIONAL AIRPORT. THIS PROPERTY HAS BEEN VERY WELL MANAGED AND CARED FOR OVER THE YEARS. METICULOUSLY CLEAN AND WELL MAINTAINED! ORIGINALLY BUILT AND CONSTRUCTED IN 1890. RESIDENTS ENJOY HOW SPACIOUS THEIR UNITS ARE WITH OVER 800 SQUARE FEET AND HOW THEY FEEL LIKE INDIVIDUAL CONDOS WITH WINDOWS FACING THREE DIRECTIONS. EACH APARTMENT FEATURES A STACKABLE WASHER AND DRYER UNIT, HARDWOOD FLOORS, AND IS A CORNER UNIT. THE LOWER LEVELS HAVE SUPER LARGE STORAGE LOCKERS FOR RESIDENTS. CURRENTLY ALL THE UNITS ARE RENTED AND EACH TENANT PAYS FOR THEIR OWN SEPARATE ELECTRIC WHICH COVERS THE ELECTRIC BASEBOARD HEAT. OWNER PAYS FOR WATER, TRASH, AND GAS FOR WATER HEATERS. A NEW OWNER CAN RAISE RENTS ON LEASE RENEWALS TO CAPTURE A HIGHER RETURN ON THEIR INVESTMENT!

Saint Paul, MN - 1145 7th St W - 7 UNITS - $735,000

WEST 7TH STREET APARTMENTS IS A CLASSIC ALL-BRICK SEVEN-UNIT BUILDING CLOSE TO DOWNTOWN SAINT PAUL, THE MALL OF AMERICA, AND THE MPLS/ST.PAUL INTERNATIONAL AIRPORT. THIS PROPERTY HAS BEEN VERY WELL MANAGED AND CARED FOR OVER THE YEARS, CLEAN AND CONSTRUCTED IN 1966. RESIDENTS ENJOY THE OFF-STREET PARKING LOT ALONG WITH THE OPTION TO RENT ONE OF THE FOUR GARAGES. THERE IS ONSITE COIN LAUNDRY AND EXTRA STORAGE LOCKERS FOR RESIDENTS. CURRENTLY ALL THE UNITS ARE RENTED AND EACH TENANT PAYS FOR THEIR OWN SEPARATE ELECTRIC. OWNER PAYS HEAT, WATER AND TRASH. ALL FOUR UPPER APARTMENTS FEATURE OAK HARDWOOD FLOORING AND THEY ALL HAVE WALL AIR CONDITIONING UNITS. SPACIOUS ROOMS AND ONE OF THE LOWER LEVEL UNITS IS A SPECIAL TWO-BED TWO-BATHROOM UNIT! A NEW OWNER CAN RAISE RENTS ON LEASE RENEWALS TO CAPTURE A HIGHER RETURN ON THEIR INVESTMENT!

Saint Paul, MN - 523 Lexington Pkwy N - 6 UNITS - $579,900

CLASSIC ALL BRICK 6-UNIT LOCATED IN THE HEART OF THE MIDWAY IN SAINT PAUL, MN. THIS BUILDING IS VERY CLEAN AND VERY WELL MAINTAINED BY THE CURRENT LONG TERM OWNER! THERE ARE FOUR ONE-BEDROOM AND ONE EFFICIENCY APARTMENTS, PLUS A MAIN FLOOR OFFICE COMMERCIAL SPACE. THE OFFICE UNIT HAS POTENTIAL TO BE CONVERTED INTO ANOTHER ONE BEDROOM APARTMENT OR COMBINED WITH THE APARTMENT NEXT DOOR. ALL THE UNITS ARE EASY TO KEEP RENTED WITH PROVIDED OFF-STREET PARKING AND HEAT, WATER, AND TRASH INCLUDED IN RENT. EACH TENANT PAYS FOR THEIR OWN SEPARATE ELECTRIC SERVICE. THE PITCHED ROOF HAS BEEN REPLACED IN THE LAST 12 YEARS AND HAS BEEN RECENTLY CHECKED FOR STORM DAMAGE WHICH THERE IS NONE. THERE IS ORIGINAL HARDWOOD FLOORS AND TRIM THROUGHOUT THE PROPERTY WHICH GIVES IT CHARACTER FROM WHEN IT WAS BUILT IN 1922. THE OFF-STREET PARKING LOT IN THE REAR GIVES RESIDENTS A SAFE PLACE TO PARK. THE LOWER LEVEL BASEMENT HAS ADDITIONAL POTENTIAL TO IMPROVE INCOME BY ADDING RENTABLE STORAGE UNITS OR ANOTHER 7TH UNIT. CURRENTLY 100% OCCUPIED. A NEW OWNER CAN RAISE RENTS ON LEASE RENEWALS TO CAPTURE A HIGHER RETURN ON INVESTMENT! THE SELLER WOULD CONSIDER AN OFFER WITH OWNER FINANCING!! $579,900.00

Saint Paul, MN - 1621 St.Anthony Ave - 11 UNITS - $1,199,900

PRIME LOCATION ONE BLOCK FROM THE ALLIANZ SOCCER STADIUM IN ST.PAUL, MINNESOTA. ALL BRICK EXTERIOR FEATURING ELEVEN TWO-BEDROOM, ONE-BATH UNITS. EACH UNIT HAS A SIMILAR LAYOUT WITH APPROXIMATELY 750+ SQFT. PLENTY OF OFF-STREET PARKING SPACES IN THE REAR ASPHALT SURFACED LOT. BUILDING IS IN VERY CLEAN CONDITION AND IS PROFESSIONALLY MANAGED. SECURED ENTRY BUILDING AND OFFERS RESIDENTS LOWER LEVEL SEPARATE STORAGE LOCKERS AND COIN OPERATED LAUNDRY FACILITIES. NEWER WINDOWS AND ROOF IS APPROX. 11-12 YEARS OLD. VALUE-ADD OPPORTUNITY WITH MORE ROOM TO PUSH RENTS UP IN THIS MARKET. CURRENT IN-PLACE NET OPERATING INCOME IS $75,738. CALL FOR MORE DETAILS.