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Presented By: Zafar Khamdamov
Presenting an 8 unit Apartment building consisting of 4-1BR and 4-2BR with detached one bedroom 9th Den unit. This is a well-maintained multifamily asset strategically located in St Paul Opportunity zone. Amenities such as off-street parking, laundry facilities, and ample storage space enhance the overall appeal, value-add potential, and functionality of the property.
Situated in Midway Hamline neighborhood, residents benefit from excellent walkability and convenient access to major transportation routes, including Interstate 94, facilitating easy commutes to Downtown Minneapolis and St Paul and surrounding areas. The property’s proximity to several universities, including Hamline University, makes it particularly appealing to students, healthcare employees, and young professionals seeking housing options near their academic and professional pursuits. Moreover, the property is located with close property to downtown St Paul.
This is a great compelling opportunity for an investor to acquire a well-positioned property in a prime location. Substantial upside exists through strategic enhancements and revenue growth, including optimizing underutilized storage and adjusting rents to meet market potential.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Presented By: Zafar Khamdamov
Basement (Y/N)No
FuelElectric, Natural Gas
AccessibilityNone
Additional Parcels Y/NNo
CitySaint Paul
Construction MaterialsEngineered Wood, Stucco
ContingencyNone
CountyRamsey
Current UseCommercial
DirectionsFrom Hamline, turn left on Charles Ave. The property will be on your right.
Garage Spaces
HeatingBoiler
High School DistrictSt. Paul
Land Lease Y/NNo
Lender OwnedNo
Lot Size UnitsAcres
NumberOfUnitsTotal9
PostalCitySaint Paul
Property SubTypeApartment
Property TypeCommercial Sale
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameHamline Syndicate Add, No3
Tax Annual Amount13066
Tax Year2024
UtilitiesElectric Separate
Year Built1911
Zoning DescriptionResidential-Multi-Family
Building Area Total4840
Foundation Area1464
InclusionsBuilding
Lot Dimensions40x120
Lot Size Area0.11
Parking FeaturesParking Lot
Water SourceCity Water/Connected
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