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1757 Thomas Ave
Saint Paul, MN 55104
Multifamily Property For Sale
·
9 Units
Executive Summary
Prime investment opportunity located near Hamline University and Allianz field. Stable occupancy. 7 of 9 units on month to month leases, allowing the new owner the ability to implement market rent adjustments immediately.
Property Facts
| Price Per Unit | $144,444 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.66% | Lot Size | 0.22 AC |
| Sale Condition | 1031 Exchange | Building Size | 7,869 SF |
| Gross Rent Multiplier | 10.9 | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | ||
| Zoning | RM2 - Medium-Density Multiple-Family Residential | ||
| Price Per Unit | $144,444 |
| Sale Type | Investment |
| Cap Rate | 5.66% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 10.9 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 7,869 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1964 |
| Zoning | RM2 - Medium-Density Multiple-Family Residential |
Amenities
Unit Amenities
- Cable Ready
- Storage Space
- Tile Floors
- Oven
- Range
- Tub/Shower
- Smoke Free
- Vinyl Flooring
Site Amenities
- Laundry Facilities
- Smoke Free
- Storage Space
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
| 2+1 | 2 | - | - |
Property Taxes
| Parcel Number | 33-29-23-12-0100 | Improvements Assessment | $816,700 |
| Land Assessment | $180,000 | Total Assessment | $996,700 |
Property Taxes
Parcel Number
33-29-23-12-0100
Land Assessment
$180,000
Improvements Assessment
$816,700
Total Assessment
$996,700
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