1562 Edmund AVE, Saint Paul, MN 55104 - MLS#6609843

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Brandon Anderson

brandon@brandonanderson.com +1(612) 490-0638

$875,000

Est. payment - /mo

6,534 Sqft Lot

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UPDATED:

10/09/2024 02:02 AM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Hamline Syndicate Add, No3

MLS Listing ID 6609843

Year Built 1913

Annual Tax Amount $12,782

Tax Year 2024

Contingent None

Lot Size 6,534 Sqft

Acres 0.15

Lot Dimensions 6,430

Property Description

Presenting an 8 unit Apartment�building consisting of�7-1BR and 1-2BR ��with�detached one bedroom 9th Den unit.�This is a well-maintained multifamily asset strategically located in St Paul Opportunity zone. �Amenities such as off-street parking, laundry facilities, and ample storage space enhance the overall appeal, value-add potential, and functionality of the property.

Situated in Midway Hamline�neighborhood, residents benefit from excellent walkability and convenient access to major transportation routes, including Interstate 94, facilitating easy commutes to Downtown Minneapolis and St Paul and surrounding areas. The property?s proximity to several universities, including Hamline University, makes it particularly appealing to students, healthcare employees, and young professionals seeking housing options near their academic and professional pursuits. Moreover, the property is located with close property to downtown St Paul.

This is a great compelling opportunity for an investor to acquire a well-positioned property in a prime location. Substantial upside exists through strategic enhancements and revenue growth, including optimizing underutilized storage and adjusting rents to meet market potential.

Property tours are available by appointment only. Please contact the listing broker to schedule.

Location

State MN

County Ramsey

Zoning Residential-Multi-Family

Interior

Heating Boiler

Inclusions Building

Fireplace No

Exterior

Garage Parking Lot

Utilities Available Electric Common

Present Use Commercial

Parking Type Parking Lot

Building

Foundation 1456

Sewer City Sewer/Connected

Water City Water/Connected

Structure Type Stucco

Schools

School District St. Paul

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Listed by Zafar Khamdamov • Zafar Khamdamov

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Brandon Anderson

+1(612) 490-0638

Agent | License ID: 40180683

Agent License ID: 40180683