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7th Avenue Apartments 2050 7th Ave E 36 Unité Immeuble d’appartements À vendre North Saint Paul, MN 55109
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Faits saillants de l'investissement
- Strong Occupancy
- Supply Constrained Submarket
- Connectivity to Employment and Recreation
Résumé de l'annonce
Michel Commercial is pleased to present 7th Avenue Apartments, a 36-home community in the city of North Saint Paul, Minnesota. Built in 1982, the property offers investors the opportunity to acquire a well-maintained asset with meaningful scale, convenient surface and covered parking, on-site laundry, and a strong location within an established Twin Cities submarket.
LOCATION & CONNECTIVITY
7th Avenue is located in North Saint Paul, a well-established suburb just northeast of downtown Saint Paul, offering residents convenient access to everyday amenities. Nearby shopping and dining options can be found along 7th Avenue E and in the surrounding Maplewood retail corridor, including Rosedale Mall and Maplewood Mall. Residents benefit from proximity to local parks such as Casey Lake Park, Gateway Trail, and Northwood Park, as well as nearby schools within ISD 622. The property also offers quick access to Interstate 694 and Highway 36, providing seamless connectivity to downtown Saint Paul, Minneapolis, and the greater Twin Cities metro.
INVESTMENT POTENTIAL
7th Avenue presents a compelling investment opportunity supported by strong in-place cash flow and the ability to further enhance returns. Select units have been beautifully renovated, offering a clear path for continued interior upgrades to drive rent growth across the remaining units. Additionally, the implementation of a RUBS program provides meaningful upside through utility reimbursements, creating an opportunity to increase income while maintaining competitive positioning within the submarket.
LOCATION & CONNECTIVITY
7th Avenue is located in North Saint Paul, a well-established suburb just northeast of downtown Saint Paul, offering residents convenient access to everyday amenities. Nearby shopping and dining options can be found along 7th Avenue E and in the surrounding Maplewood retail corridor, including Rosedale Mall and Maplewood Mall. Residents benefit from proximity to local parks such as Casey Lake Park, Gateway Trail, and Northwood Park, as well as nearby schools within ISD 622. The property also offers quick access to Interstate 694 and Highway 36, providing seamless connectivity to downtown Saint Paul, Minneapolis, and the greater Twin Cities metro.
INVESTMENT POTENTIAL
7th Avenue presents a compelling investment opportunity supported by strong in-place cash flow and the ability to further enhance returns. Select units have been beautifully renovated, offering a clear path for continued interior upgrades to drive rent growth across the remaining units. Additionally, the implementation of a RUBS program provides meaningful upside through utility reimbursements, creating an opportunity to increase income while maintaining competitive positioning within the submarket.
Faits sur la propriété
| Type de vente | Investissement | Taille du lot | 2,07 AC |
| Nombre d’unités | 36 | Taille du bâtiment | 35 220 pi² |
| Type de propriété | Immeuble residentiel | Nombre d’étages | 3 |
| Sous-type de propriété | Appartement | Année de construction | 1982 |
| Style d’appartement | De faible hauteur | Ratio de stationnement | 2/1 000 pi² |
| Classe d’immeuble | C |
| Type de vente | Investissement |
| Nombre d’unités | 36 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 2,07 AC |
| Taille du bâtiment | 35 220 pi² |
| Nombre d’étages | 3 |
| Année de construction | 1982 |
| Ratio de stationnement | 2/1 000 pi² |
Commodités
Commodités des unités
- Climatisation
- Balcon
- Prêt pour le câble
- Lave-vaisselle
- Traitement des déchets
- Micro-ondes
- Chauffage
- Cuisine
- Planchers de bois franc
- Réfrigérateur
- Four
- Électroménagers en acier inoxydable
- Fourchette
- Tapis
- Congélateur
- Patio
- Couvre-fenêtres
Commodités du site
- Accès contrôlé
- Installations de lessive
- Espace de pique-nique
- Grill
- Services en ligne
- Transport en commun
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 1+1 | 24 | - | 690 |
| 2+2 | 12 | - | 1 100 |
1 1
Assez accessible à pied
40/100
Exceptionnellement adapté aux voitures
100/100
Transports en commun limités
30/100
Moyennement accessible en vélo
60/100
Impôts fonciers
| Numéro de lot | 14-29-22-13-0048 | Évaluation des bâtiments | 3 835 855 $ CAD |
| Évaluation du terrain | 1 004 954 $ CAD | Évaluation totale | 4 840 809 $ CAD |
Impôts fonciers
Numéro de lot
14-29-22-13-0048
Évaluation du terrain
1 004 954 $ CAD
Évaluation des bâtiments
3 835 855 $ CAD
Évaluation totale
4 840 809 $ CAD
Contacts
-
Jesse Thurston -
Peter Michel -
Phil Reesnes -
Heidi Addo -
Ukee Dozier -
Stacie Mugazia -
Michel Commercial Real Estate
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7th Avenue Apartments | 2050 7th Ave E
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