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ST.ANTHONY APARTMENTS
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.
Property Description
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.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,249,000 |
| No. of Units: | 11 |
| Cap Rate: | 6.06% |
| GRM /GIM: | 9.32 |
| Average Occupancy: | 100 |
| Year Built: | 1960 |
| Year Renovated: | 2000 |
| Building Size: | 11,500 Sq ft |
| Lot Size: | 0.21 Acres |
| No. of Stories: | 3 |
| APN: | 33-29-23-41-0059 |
| Zoning Code: | Multi-Family |
| Opportunity Zone: | Yes |
| Price per unit: | $113,545 |
| Parking Spaces: | 11 |
| Property Website | Click Here |
Unit mix
| Description | No. of Units | Sq ft. | Avg. Monthly Rent |
|---|---|---|---|
| 2BD, 1BA | 11 | 750 | 1020 |
FINANCIAL DETAILS
| Income/expense info: | Pro Forma |
|---|---|
| Financial year: | 2024 |
| Gross income: | 133892 |
| Effective Gross income: | 133892 |
| Operating expenses: | 58153 |
| Net operating income: | 75738 |
| Pre-tax cashflow: | 75738 |
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