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Presented By: Apartment Cash Flow, Inc.
THE EASTVIEW 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. NEWLY CONSTRUCTED IN 2021, THIS MULTI-FAMILY ASSET OFFERS RESIDENTS LARGE THREE-BEDROOM, TWO BATHROOM UNITS DESIGNED FOR MODERN LIVING! EACH UNIT IS APPROXIMATELY 1,541 SQFT AND FEATURES STAINLESS STEEL APPLIANCES, QUARTZ COUNTERTOPS, AMPLE CLOSET SPACE, AND SELF-CONTROLLED HIGH-EFFICIENCY HEATING AND AIR CONDITIONING. WITH CONTROLLED ACCESS ENTRY, SECURITY CAMERAS IN COMMON AREAS, AND OFF-STREET PARKING, EASTVIEW APARTMENTS ENSURES A SECURE AND STRESS-FREE RENTING EXPERIENCE FOR ITS RESIDENTS. CLOSE TO TONS OF SHOPPING, SCHOOLS, PLAYGROUNDS, ENTERTAINMENT VENUES, AND THE CONWAY RECREATION CENTER. 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!! SITS ON 0.73 ACRES AND INCLUDES 16 OFF-STREET PARKING SPACES. LAUNDRY FACILITIES LOCATED ON THE 2ND AND 3RD FLOORS HAVE 12 COIN-OPERATED SPEED QUEEN MACHINES. CURRENT CAP RATE IS 6.5% AND IN-PLACE NET OPERATING INCOME $195,134.
Presented By: Apartment Cash Flow, Inc.
BasementNone
Basement (Y/N)No
Ceiling Height8-10
FuelNatural Gas
AccessibilityNone
Additional Parcels Y/NNo
Amenities UnitCeiling Fan(s)
AppliancesDishwasher, Dryer, Range, Refrigerator, Washer
Association AmenitiesCoin-op Laundry Owned, Fire Sprinkler System
CitySaint Paul
Construction MaterialsOther
ContingencyNone
CoolingCentral Air
CountyRamsey
Current UseResidential
DirectionsHIGHWAY 94 TO WHITE BEAR LAKE / GO NORTH TO WILSON AVENUE / GO EAST TO PROPERTY
Fuel Expense
Garage Spaces
Gross Income295248
HeatingForced Air
High School DistrictSt. Paul
Insurance Expense7885
Land Lease Y/NNo
Lender OwnedYes
LevelsThree Or More
Lot Size UnitsAcres
MaintenanceExpense5700
Net Operating Income195134
NumberOfUnitsTotal12
Operating Expense100113
OwnerPaysInsurance, Grounds Care
PostalCitySaint Paul
Property SubTypeApartment
Property TypeCommercial Sale
RoofAge 8 Years or Less, Asphalt, Pitched
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameHudson Road Gardens
Tax Annual Amount43896
Tax Year2024
Tenant PaysCable TV, Electricity, Gas
TopographyLevel
Trash Expense1706
UtilitiesElectric Separate, Heating Separate, Hot Water Separate
Water Sewer Expense10800
Year Built2021
Zoning DescriptionResidential-Multi-Family
Building Area Total18494
Foundation Area6165
InclusionsBuilding, Land, Leases, Rental License
Lot Dimensions175 X 175
Lot FeaturesTree Coverage - Light
Lot Size Area0.73
Parking FeaturesParking Lot
Road Frontage TypeCity Street
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected
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