885 Ottawa Ave
West Saint Paul, MN 55118
OTTAWA APARTMENTS · Multifamily Property For Sale
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5 Units
Property Facts
| No. Units | 5 | Building Size | 3,532 SF |
| Property Type | Multifamily | Average Occupancy | 80% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 1925 |
| Building Class | C | Parking Ratio | 1.42/1,000 SF |
| Lot Size | 0.25 AC |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 3,532 SF |
| Average Occupancy | 80% |
| No. Stories | 3 |
| Year Built | 1925 |
| Parking Ratio | 1.42/1,000 SF |
Amenities
Unit Amenities
- Storage Space
- Washer/Dryer
- Heating
- Ceiling Fans
- Crown Molding
- Kitchen
- Hardwood Floors
- Refrigerator
- Range
- Yard
- Grill
- Dining Room
- Handrails
Site Amenities
- Fenced Lot
- Laundry Facilities
About 885 OTTAWA AVE , WEST SAINT PAUL, MN 55118
OTTAWA APARTMENTS IS LOCATED NEXT TO CHEROKEE PARK IN WEST SAINT PAUL, MINNESOTA. THIS HIGHLY DESIRABLE NEIGHBORHOOD IS SURROUNDED BY MOSTLY OWNER-OCCUPIED SINGLE FAMILY HOMES AND ONE BLOCK OFF OF THE HIGHER TRAFFIC SMITH AVENUE THAT LEADS TO DOWNTOWN SAINT PAUL. THE OWNERS HAVE TAKEN CARE OF THIS OLDER HISTORIC FIVE UNIT BUILDING. MANY OF THE WINDOWS HAVE BEEN REPLACED WITH NEWER DOUBLE PANE VINYL REPLACEMENT WINDOWS. THE AGE OF THE ROOF IS ESTIMATED TO HAVE BEEN REPLACED IN 1995. APARTMENTS FEATURE THE OLD WORLD CHARM WITH ORIGINAL HARDWOOD FLOORS, COVED MOLDINGS, LARGER OAK BASEBOARD TRIM AND WOODWORK, AND SOME BUILT INS! EACH APARTMENT COMES WITH A BASEMENT STORAGE LOCKER AND A DETACHED GARAGE STALL WITH MORE STORAGE ABOVE. LARGE FENCED IN BACKYARD OFFERS RESIDENTS A PET FRIENDLY ENVIROMENT FOR THEIR DOGS. TENANTS PAY FOR THEIR UNIT ELECTRIC FOR LIGHTS AND APPLIANCES AND COOKING GAS FOR STOVES. OWNER PAYS FOR TAXES, INSURANCE, GAS TO HEAT FURNACE AND WATER HEATER, WATER AND SEWER, TRASH AND MAINTENANCE. KITCHENS HAVE RECENT UPDATES WITH NEWER CABINETS AND SOME NEWER APPLIANCES. EACH UNIT HAS A FRONT AND REAR DOOR. RENTS HAVE ROOM TO INCREASE OVER THE NEXT FEW YEARS. THIS VALUE ADD OPPORTUNITY IS PRICED TO SELL AT A 8.5+ CAP RATE!
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $1,064 | 775 |
| Studios | 1 | $625.00 | 450 |
Property Taxes
| Parcel Number | 42-34950-06-020 | Improvements Assessment | $543,400 |
| Land Assessment | $61,300 | Total Assessment | $604,700 |
Property Taxes
