1179 7th Street E
Saint Paul, MN 55106
Price: $1,199,000
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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