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Property Details

1179 7th Street E
Saint Paul, MN 55106

Price: $1,199,000

Listing # 6615249


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THE RED MILL APARTMENTS LOCATED IN THE HEART OF SAINT PAUL IS CLOSE TO DOWNTOWN AND THE SUBURBS OF OAKDALE, WOODBURY & MAPLEWOOD. EASY ACCESS TO HIGHWAYS 94 & 494. ORIGINALLY BUILT IN 1889 AND NEWLY RENOVATED AND EXPANDED IN 2022, THIS MULTI-FAMILY ASSET OFFERS RESIDENTS LARGE 1-BD, 2-BD, 3-BD, & 4-BEDROOM UNITS DESIGNED FOR MODERN LIVING! NEWER WINDOWS, TALL CEILINGS, AND IN-UNIT WASHER AND DRYERS. EACH APARTMENT FEATURES STAINLESS STEEL APPLIANCES, GRANITE COUNTERTOPS, AMPLE CLOSET SPACE, IN-UNIT LAUNDRY, AND SELF-CONTROLLED HIGH-EFFICIENCY HEATING AND AIR CONDITIONING. WITH CONTROLLED ACCESS ENTRY, SECURITY CAMERAS IN COMMON AREAS, AND OFF-STREET PARKING, RED MILL APARTMENTS IS A SAFE AND QUIET PLACE TO CALL HOME!! CLOSE TO TONS OF SHOPPING, SCHOOLS, PLAYGROUNDS, AND ENTERTAINMENT VENUES. PROFESSIONALLY MANAGED WITH THE POSSIBILITY TO RETAIN THEM FOR FULL MANAGEMENT DUTIES. VERY STABLE, FULLY OCCUPIED, AND IN TURN KEY CONDITION!! THIS PROPERTY MAKES FOR THE PERFECT 1031 EXCHANGE OUT OF A SMALLER ASSET!! CURRENT IN-PLACE NET OPERATING INCOME $88,604+

Basic Features:

Style Apartment
Type Commercial Sale
Zoning Residential-Multi-Family
Year Built 1889
School District St. Paul
County Ramsey
Lot Size 60 x 150
Acreage 0.23 acres
Lot Description Corner Lot
Number of Units 6
Tax $ / Year $26,076 / 2024
Tax ID
Legal Description

Includes:

Dishwasher,Range,Refrigerator,Building,Land,Leases,Rental License

Additional Features
Government Programs
Section 28
Terrain Type
Roads City Street
Basement Full
Cooling Central Air
Driveway
Exterior Features Brick/Stone
Foundation 5723.00
Fuel Source Natural Gas
Handicap Access None
Heating Forced Air
Roof Age 8 Years or Less,Flat
Sewer Service City Sewer/Connected
Water Service City Water/Connected
Water Heater
Parking Lot Paved
Exterior Construction
Utilities Electric Separate,Heating Separate,Hot Water Separate
Laundry N

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