For more information regarding the value of a property, please contact us for a free consultation.
1693 Sherburne AVE Saint Paul, MN 55104
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $1,475,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 16,117 sqft
Price per Sqft $91
Subdivision Brightwood Park
MLS Listing ID 6642133
Sold Date 04/25/25
Year Built 1972
Annual Tax Amount $34,578
Lot Size 0.370 Acres
Acres 0.37
Lot Dimensions 126x130
Property Description
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.
Location
State MN
County Ramsey
Community Brightwood Park
Direction 94 to Snelling Ave, N., to University, W., to Aldine, to Sherburne
Interior
Heating Baseboard, Boiler
Cooling Window
Exterior
Parking Features Detached Garage, Paved Lot
Garage Spaces 8.0
Utilities Available Electric Common, Heating Common
Roof Type Age Over 8 Years
Accessibility None
Total Parking Spaces 8
Building
Water City Water/Connected
Others
Senior Community No
Tax ID 332923140158
Read Less