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Summit Hill Apartments 1041-1043 Osceola Ave 6 Unit Apartment Building $732,000 ($122,000/Unit) 7.81% Cap Rate Saint Paul, MN 55105
Investment Highlights
- Diverse unit mix (1+1, 2+1, 3+1) supporting stable income
- Recent capital improvements minimize near-term Capital Expenditures
- 20-year ownership history with strong occupancy
- Value-add potential through rent growth and continued optimization
Executive Summary
Diverse unit mix (1+1, 2+1, 3+1) supporting stable income
20-year ownership history with strong occupancy
Recent capital improvements minimize near-term Capital Expenditures
Value-add potential through rent growth and continued optimization
20-year ownership history with strong occupancy
Recent capital improvements minimize near-term Capital Expenditures
Value-add potential through rent growth and continued optimization
Property Facts
| Price | $732,000 | Apartment Style | Low-Rise |
| Price Per Unit | $122,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 7.81% | Building Size | 5,918 SF |
| Gross Rent Multiplier | 8 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1921/2024 |
| Property Subtype | Apartment | Parking Ratio | 0.51/1,000 SF |
| Zoning | R-4 | ||
| Price | $732,000 |
| Price Per Unit | $122,000 |
| Sale Type | Investment |
| Cap Rate | 7.81% |
| Gross Rent Multiplier | 8 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 5,918 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1921/2024 |
| Parking Ratio | 0.51/1,000 SF |
| Zoning | R-4 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Storage Space
- Heating
- Hardwood Floors
- Refrigerator
- Range
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 600 - 625 |
| 2+1 | 2 | - | 575 - 800 |
| 3+2 | 1 | - | 1,900 |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 02-28-23-33-0126 | Improvements Assessment | $642,400 |
| Land Assessment | $100,000 | Total Assessment | $742,400 |
Property Taxes
Parcel Number
02-28-23-33-0126
Land Assessment
$100,000
Improvements Assessment
$642,400
Total Assessment
$742,400
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Summit Hill Apartments | 1041-1043 Osceola Ave
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