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252 Marie Ave E
West Saint Paul, MN 55118
Rooftop 252 · Multifamily Property For Sale
·
56 Units
Investment Highlights
- 3.72% Assumable Financing
- Differentiated Amenity Package
- Additional Revenue Opportunity
- Newer Construction
Executive Summary
Michel Commercial is pleased to present Rooftop252, a premier 56-home luxury apartment community with six retail suites located in West St. Paul, Minnesota. Built in 2019, the property offers investors the opportunity to acquire a modern, boutique asset featuring spacious loft-style floor plans, in-unit laundry, an expansive rooftop amenity deck with a differentiated resident experience that includes multiple outdoor grilling stations, a stylish indoor lounge, an off-leash “Wooftop” dog park, community garden plots, and a solar pergola with picnic seating.
Rooftop252 benefits from an exceptional location with convenient access to both downtown St. Paul and Minneapolis, while being surrounded by shopping, restaurants, grocery stores, and everyday services along the Robert Street corridor. The property’s unique design, limited direct competition, and attractive assumable financing featuring a 3.72% interest rate with more than six years remaining further enhance its investment appeal, creating a rare opportunity to acquire one of the West St. Paul’s premier multifamily properties.
Rooftop252 benefits from an exceptional location with convenient access to both downtown St. Paul and Minneapolis, while being surrounded by shopping, restaurants, grocery stores, and everyday services along the Robert Street corridor. The property’s unique design, limited direct competition, and attractive assumable financing featuring a 3.72% interest rate with more than six years remaining further enhance its investment appeal, creating a rare opportunity to acquire one of the West St. Paul’s premier multifamily properties.
Property Facts
| Sale Type | Investment | Lot Size | 2.02 AC |
| No. Units | 56 | Building Size | 60,000 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 2019 |
| Apartment Style | Mid-Rise | Parking Ratio | 0.93/1,000 SF |
| Building Class | B | Opportunity Zone |
Yes
|
| Zoning | B2/B1 - Zoned for B2 and B1, Multifamily | ||
| Sale Type | Investment |
| No. Units | 56 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 2.02 AC |
| Building Size | 60,000 SF |
| No. Stories | 1 |
| Year Built | 2019 |
| Parking Ratio | 0.93/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | B2/B1 - Zoned for B2 and B1, Multifamily |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer
- Heating
- Stainless Steel Appliances
- Vinyl Flooring
Site Amenities
- Clubhouse
- Fitness Center
- Pool
- Property Manager on Site
- Security System
- Disposal Chutes
- Dry Cleaning Service
- Grill
- Package Service
- Recycling
- Smoke Free
- Bicycle Storage
- Conference Rooms
- Elevator
- Lounge
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | 410 |
| 1+1 | 30 | - | 660 |
| 1+1.5 | 3 | - | 964 |
| 2+2 | 10 | - | 966 |
| 2+2 | 8 | - | 1,368 |
| 3+3 | 3 | - | 1,289 |
Property Taxes
| Parcel Number | 42-83730-01-010 | Improvements Assessment | $9,538,700 |
| Land Assessment | $686,100 | Total Assessment | $10,224,800 |
Property Taxes
Parcel Number
42-83730-01-010
Land Assessment
$686,100
Improvements Assessment
$9,538,700
Total Assessment
$10,224,800
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