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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.
Property Type(s):
Commercial
| Tract | The W St Paul Re&Imp Synd 1 | Year Built | 1963 |
|---|---|---|---|
| Garage Spaces | 10.0 | County | Ramsey |
Additional Details
| AIR | Wall Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Range, Refrigerator |
| BASEMENT | Finished, Full, Yes |
| CONSTRUCTION | Brick |
| GARAGE | Yes |
| HEAT | Hot Water, Natural Gas |
| LOT | 0.52 acre(s) |
| LOT DESCRIPTION | Corner Lot, Level |
| LOT DIMENSIONS | 200 x 110 |
| PARKING | Detached, Parking Lot |
| SEWER | Public Sewer |
| STORIES | 3+ |
| SUBDIVISION | The W St Paul Re&Imp Synd 1 |
| TAXES | 43226 |
| WATER | Public |
| ZONING | Residential-Multi-Family |
Listed with Apartment Cash Flow, Inc.
The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Regional Multiple Listing Service of Minnesota, Inc. All real estate listings are marked with the Broker ReciprocitySM logo, and detailed information about them includes the name of the listing brokers.
Information deemed reliable but not guaranteed.
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