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Belvidere Flats 485 Belvidere St E 4 Unité Immeuble d’appartements 657 989 $ CAD (164 497 $ CAD/Unité) 7,03% Taux de capitalisation Saint Paul, MN 55107
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- New Plumbing
- 4-D Program participant
- Tenants pay heat (baseboard)
Résumé de l'annonce
Fully leased 4-plex on St. Paul's West Side, south of the river with easy access to downtown, the West Side Flats, and District del Sol. Quiet residential block with strong renter demand from the surrounding neighborhood. Close to parks, local restaurants, and transit without the traffic of a main corridor.
Two 2BR/1BA units and two 1BR/1BA units across 2,950 SF. All four tenants are on signed leases through mid-2026 to mid-2027 at rents that were increased during the most recent lease-up cycle. 100% occupancy with market rent upside remaining and room to push on renewals.
Tenants pay their own gas and electricity. Owner covers water/sewer, trash, and recycling.
The property is enrolled in the City of St. Paul's 4d Affordable Housing Incentive Program, which provides up to an 80% reduction in property tax class rates on enrolled units. The covenant transfers with the property on sale, so a buyer inherits the tax benefit on day one with an estimated $4,600+ in annual savings compared to standard tax rates. Contact the listing broker for full program details, rent and income limits, and recertification requirements.
Two units turned over in mid-2025 and were leased up at significantly higher rents. The heavy lifting on vacancy and turnover spend is behind you. A buyer steps into a stabilized rent roll with all four units performing, no deferred maintenance surprises from the recent turn cycle, and a clean path to cash flow from day one.
Solid entry point for an investor looking for a manageable 4-unit with tenants already in place, cash flowing, and a low tax basis that's hard to find for under $500k in St. Paul!
Two 2BR/1BA units and two 1BR/1BA units across 2,950 SF. All four tenants are on signed leases through mid-2026 to mid-2027 at rents that were increased during the most recent lease-up cycle. 100% occupancy with market rent upside remaining and room to push on renewals.
Tenants pay their own gas and electricity. Owner covers water/sewer, trash, and recycling.
The property is enrolled in the City of St. Paul's 4d Affordable Housing Incentive Program, which provides up to an 80% reduction in property tax class rates on enrolled units. The covenant transfers with the property on sale, so a buyer inherits the tax benefit on day one with an estimated $4,600+ in annual savings compared to standard tax rates. Contact the listing broker for full program details, rent and income limits, and recertification requirements.
Two units turned over in mid-2025 and were leased up at significantly higher rents. The heavy lifting on vacancy and turnover spend is behind you. A buyer steps into a stabilized rent roll with all four units performing, no deferred maintenance surprises from the recent turn cycle, and a clean path to cash flow from day one.
Solid entry point for an investor looking for a manageable 4-unit with tenants already in place, cash flowing, and a low tax basis that's hard to find for under $500k in St. Paul!
Salle de données Cliquez ici pour accéder à
Bilan financier (Réel - 2025) Cliquez ici pour accéder à |
Annuel (CAD) | Annuel par pi² (CAD) |
|---|---|---|
| Revenu de location brut |
$99,999
|
$9.99
|
| Autres revenus |
-
|
-
|
| Perte due à l’inoccupation |
-
|
-
|
| Revenu brut effectif |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Dépenses d’exploitation |
$99,999
|
$9.99
|
| Total des dépenses |
$99,999
|
$9.99
|
| Revenu net d’exploitation |
$99,999
|
$9.99
|
Bilan financier (Réel - 2025) Cliquez ici pour accéder à
| Revenu de location brut (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Autres revenus (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Perte due à l’inoccupation (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Revenu brut effectif (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Dépenses d’exploitation (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Total des dépenses (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Revenu net d’exploitation (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
Faits sur la propriété
| Prix | 657 989 $ CAD | Style d’appartement | De faible hauteur |
| Prix par unité | 164 497 $ CAD | Classe d’immeuble | C |
| Type de vente | Investissement | Taille du lot | 0,11 AC |
| Taux de capitalisation | 7,03% | Taille du bâtiment | 4 000 pi² |
| Condition de vente | 1031 Échange | Occupation moyenne | 100% |
| Nombre d’unités | 4 | Nombre d’étages | 2 |
| Type de propriété | Immeuble residentiel | Année de construction | 1988 |
| Sous-type de propriété | Appartement | Ratio de stationnement | 1/1 000 pi² |
| Zonage | H-1 - Residential District | ||
| Prix | 657 989 $ CAD |
| Prix par unité | 164 497 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 7,03% |
| Condition de vente | 1031 Échange |
| Nombre d’unités | 4 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 0,11 AC |
| Taille du bâtiment | 4 000 pi² |
| Occupation moyenne | 100% |
| Nombre d’étages | 2 |
| Année de construction | 1988 |
| Ratio de stationnement | 1/1 000 pi² |
| Zonage | H-1 - Residential District |
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 1+1 | 2 | 1 277 $ CAD | 675 |
| 2+1 | 2 | 1 713 $ CAD | 800 |
1 1
Assez praticable à pied
40/100
Exceptionnellement facile d’accès en voiture
100/100
Transports en commun limités
30/100
Plutôt praticable en vélo
50/100
Impôts fonciers
| Numéro de lot | 09-28-22-33-0009 | Évaluation totale | 552 711 $ CAD |
| Évaluation du terrain | 110 819 $ CAD | Impôts annuels | (1 $) CAD (0,00 $ CAD/pi²) |
| Évaluation des bâtiments | 441 892 $ CAD | Année d’imposition | 2025 |
Impôts fonciers
Numéro de lot
09-28-22-33-0009
Évaluation du terrain
110 819 $ CAD
Évaluation des bâtiments
441 892 $ CAD
Évaluation totale
552 711 $ CAD
Impôts annuels
(1 $) CAD (0,00 $ CAD/pi²)
Année d’imposition
2025
Contacts
-
Nate Schammel -
Zach Burnside -
Luke Hermanson -
David Dirkers -
MRG Realty Partners
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Belvidere Flats | 485 Belvidere St E
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