Active
1693 Sherburne Avenue
Saint Paul MN, 55104
$1,599,000
$103.80 per sqft
Active
15,405 sqft
Commercial
Built in 1972
This 18-unit apartment building is a rare find, priced to sell at under $89,000 per door. Meticulously maintained by long-time owners, the property will be 100% occupied by March, providing immediate cashflow. Located just blocks from Allianz Field and one block from the light rail and University Avenue bus line, this property sits in the heart of a rapidly evolving neighborhood. The $160 million "United Village" development around Allianz Field is set to potentially boost property values, making this an incredible value-add opportunity. With many units currently rented below market rate and potential for upgrades in kitchens and bathrooms, this property offers excellent upside for savvy investors. Contact William to request offering a memorandum.
6642133
MLSⓇ ID
January 24, 2025
Listed
February 15, 2025
Updated
Interior Features
Total Stories
3
Appliances
Range, Refrigerator
Fireplace
No
Cooling
Yes
Cooling Description
Window Unit(s)
Heating
Yes
Heating Description
Baseboard, Boiler
Exterior/Building Features
Lot Size
0.38 Acres
Roof
Age Over 8 Years
Sewer
City Sewer/Connected
School Information
School District
St. Paul
Other Property Details
Taxes
$34,578
Tax Frequency
Annually
Days on Market
22
Accessibility
None
Association Amenities
Coin-op Laundry Leased
Garage
Yes
Garage Spaces
8
Parking
Detached, Paved
View
No
County
Ramsey
Water Source
City Water/Connected
Pool
No
Utilities
Electric Common, Heating Common
Courtesy of Keller Williams Premier Realty
If a listing is in Coming Soon status, it is not currently available for showings but will be soon. Open House information is subject to change without warning. This home sale information is not an appraisal, competitive or comparative market analysis, CMA, or home evaluation. Information Deemed Reliable But Not Guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Laura Tiffany Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data last updated 12:10 PM UTC, 2/15/2025