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991 Wakefield Ave - Phase 3 1,074,125 SF Specialty Building Offered at $2,098,950 CAD in Saint Paul, MN 55106
Executive Summary
This sale consist of 5 duplex units located at 991/993 Wakefield Ave, 991/993 Hudson Ave, 856 Burr St N, 982 Burr St N, and 686 Bradley St.
All properties participate in the NSP program with affordability covenants in place through August 2028, providing stable, AMI-based income at 50% AMI with a clear path to increased rents at 60% AMI upon program maturity. The portfolio is comprised primarily of duplex-style assets with larger unit configurations, strong occupancy history, and consistent cash flow. Operational advantages include reduced property taxes through 4D classification and exemption from Saint Paul rent stabilization enforcement. Ideal for investors seeking predictable income, operational stability, and long-term upside through structured rent growth & scalable acquisition opportunities.
All properties participate in the NSP program with affordability covenants in place through August 2028, providing stable, AMI-based income at 50% AMI with a clear path to increased rents at 60% AMI upon program maturity. The portfolio is comprised primarily of duplex-style assets with larger unit configurations, strong occupancy history, and consistent cash flow. Operational advantages include reduced property taxes through 4D classification and exemption from Saint Paul rent stabilization enforcement. Ideal for investors seeking predictable income, operational stability, and long-term upside through structured rent growth & scalable acquisition opportunities.
Property Facts
| Price | $2,098,950 CAD | Property Subtype | Residential Income |
| Price Per SF | $1.95 CAD | Building Class | C |
| Sale Type | Investment | Building Size | 1,074,125 SF |
| Sale Condition | Bulk/Portfolio Sale | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1916 |
| Price | $2,098,950 CAD |
| Price Per SF | $1.95 CAD |
| Sale Type | Investment |
| Sale Condition | Bulk/Portfolio Sale |
| Property Type | Specialty |
| Property Subtype | Residential Income |
| Building Class | C |
| Building Size | 1,074,125 SF |
| No. Stories | 1 |
| Year Built | 1916 |
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Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 33-29-22-31-0222 | Improvements Assessment | $362,139 CAD |
| Land Assessment | $52,474 CAD | Total Assessment | $414,613 CAD |
Property Taxes
Parcel Number
33-29-22-31-0222
Land Assessment
$52,474 CAD
Improvements Assessment
$362,139 CAD
Total Assessment
$414,613 CAD
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991 Wakefield Ave - Phase 3
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