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Key Details
Sold Price $1,362,500
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 6398290
Sold Date 03/18/24
Year Built 1937
Annual Tax Amount $31,292
Tax Year 2023
Contingent None
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 45x120x46x120
Property Description
This 16-unit apartment building is an excellent prospect to add to your investment portfolio.
This 1930's classic brick building offers add-value opportunity and consists of 6 studios and 10
one-bedroom apartments. Two non-conforming units offer opportunity for the creative investor. A Solid
roof, newer windows, and updated electric, with a solid exterior. Conveniently located near several amenities and just blocks from the new Allianz Soccer Stadium, Green Line Train, shopping, parks, and dining, making it a perfect fit for anyone looking for a small investment opportunity with growth potential. In an designated Opportunity Zone (the Opportunity Zones program provides tax relief for investors who re-invest their unrealized capital gains into specific low-income communities.) Review the city's Master Plan for significant redevelopment. Additionally, the building is approved for the 4D Tax-reduction program and will benefit from a significant tax reduction this next calendar year.
Location
State MN
County Ramsey
Zoning Residential-Multi-Family
Interior
Heating Boiler
Fireplace No
Appliance Range, Refrigerator
Exterior
Garage None
Utilities Available Heating Common
Present Use Residential
Building
Foundation 6490
Sewer City Sewer - In Street
Water City Water/Connected
Structure Type Brick/Stone
Schools
School District St. Paul
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