485 Belvidere St E
Property Description
Tax Savings: Enrolled in St. Paul’s 4d Affordable Housing Incentive Program, providing up to an 80% reduction in property tax class rates and an estimated $4,600+ in annual savings passed directly to the buyer.Fully Stabilized & Cash-Flowing: 100% occupancy with all four tenants on signed leases through mid-2026/2027; enjoy immediate, predictable cash flow from day one with no immediate vacancy concerns.Proven Rent Growth: Recent 2025 turnovers achieved significantly higher rents, proving the building’s earning potential and leaving a clear path for future market-rate upside on remaining units.Strategic West Side Location: Situated on a quiet residential block south of the river, offering easy access to Downtown, West Side Flats, and District del Sol without the noise of a main transit corridor.Low Owner Expenses: Efficient utility split with tenants paying their own gas and electricity, minimizing overhead and protecting your bottom line.Turnkey Portfolio Addition: A rare sub-$500k entry point in St. Paul featuring no deferred maintenance surprises and the heavy lifting of recent turnover cycles already completed.
Broker Details
Broker Details
Broker Details
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Lot Size: | 3.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
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