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$2,700,000

1508 Allen Avenue, West Saint Paul MN, 55118

Built in1978
Property typeCommercial
Courtesy of Minnesota Realty Company, Heather Hilgers Listing Contact:

Overview

Sold

Listed Mar 29, 2024

Updated May 8

Two 12-Unit apartment complexes that sit on 2.7 acres in West St. Paul conveniently located on bus route near main retail corridor. Complex has been professionally managed and maintained with 100% occupancy ready for new owner. Brick front buildings consist of 12 - 2 Bedroom units, 2 - 1 Bedroom with Den units, and 10 - 1 Bedroom units. Each unit is allotted a garage and one parking space in private parking lot. Two (owned) sets of coin operated laundry machines are located in each building with individual storage closet for each unit. Recent updates include: Hallways painted 2024, garage roofs 2023, A/C units 2022, hallway carpeting & trim 2020, and garage doors replaced 2018. Rents all are currently under local averages for this West St. Paul area & lots of room for increased cap performance. Financials and rent rolls available upon request. We encourage your questions and inquiries prior to scheduling showings. More photos coming soon.

Other Property Details

Taxes
$38,190
Tax Frequency
Annually
Maintenance Expense
$12,000
Garage
Yes
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