$ 875,000
1562 Edmund AVE Saint Paul, MN 55104
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$ 875,000
Est. payment | /mo
6,534 Sqft Lot
$ 875,000
Est. payment | /mo
6,534 Sqft Lot
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Hamline Syndicate Add, No3
MLS Listing ID 6609843
Year Built 1913
Annual Tax Amount $12,782
Tax Year 2024
Contingent None
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 6,430
Property Description
Presenting an 8 unit Apartment building consisting of 7-1BR and 1-2BR 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.
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.
Location
State MN
County Ramsey
Zoning Residential-Multi-Family
Interior
Heating Boiler
Inclusions Building
Fireplace No
Exterior
Parking Features Parking Lot
Utilities Available Electric Common
Present Use Commercial
Building
Foundation 1456
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Stucco
Schools
School District St. Paul
Listed by Zafar Khamdamov • Zafar Khamdamov
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Chase Lance
Broker