15,405 sqft

$1,475,000

1693 Sherburne Avenue, Saint Paul MN, 55104

Price per sqft$95.75

Built in1972

Property size15,405 sqft

Property typeCommercial

Courtesy of Keller Williams Premier Realty, William Schultz Listing Contact:

Overview

Sold

Listed Jan 24, 2025

Updated May 8

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.

Other Property Details

Taxes: $34,578
Tax Frequency: Annually
Garage: Yes
Municipality: Saint Paul

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