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Jeff Wilkinson

[email protected] +1(651) 338-4193

$ 1,599,000

Est. payment -/mo

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1693 Sherburne AVE Saint Paul, MN 55104

0.38 Acres Lot

UPDATED:

01/27/2025 02:52 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Brightwood Park

MLS Listing ID 6642133

Year Built 1972

Annual Tax Amount $34,578

Tax Year 2024

Contingent None

Lot Size 0.380 Acres

Acres 0.38

Lot Dimensions 126x130

Property Description

This 18-unit apartment building is a rare find, priced to sell at under $89,000 per door. Meticulously maintained by long-time owners, the property will be 100% occupied by March, providing immediate cashflow. Located just blocks from Allianz Field and one block from the light rail and University Avenue bus line, this property sits in the heart of a rapidly evolving neighborhood. The $160 million "United Village" development around Allianz Field is set to potentially boost property values, making this an incredible value-add opportunity. With many units currently rented below market rate and potential for upgrades in kitchens and bathrooms, this property offers excellent upside for savvy investors. Contact William to request offering a memorandum.

Location

State MN

County Ramsey

Zoning Residential-Multi-Family

Interior

Heating Baseboard, Boiler

Cooling Window Unit(s)

Inclusions Building, Other, Rental License

Fireplace No

Appliance Range, Refrigerator

Exterior

Parking Features Detached, Paved

Garage Spaces 8.0

Utilities Available Electric Common, Heating Common

Roof Type Age Over 8 Years

Present Use Residential

Building

Story Three Or More

Foundation 222

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Three Or More

Structure Type Brick/Stone

Schools

School District St. Paul

Listed by William Schultz • Keller Williams Premier Realty

Jeff Wilkinson

Advisor | License ID: 40575768

+1(651) 338-4193

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