262 4th Street E, Saint Paul
$2,750,000
Lowertown Saint Paul value add multifamily! An existing 29 unit, 27 residential/2 commercial unit mix. Residential units are loft style mostly 1 bed unit, however, it has potential to be turned into 41
units, and almost double the bedroom count due to the size and uniqueness of units. Known as an Artist
loft building, art exudes the building and attracts great tenants in an amazing location, walk to all the
best downtown spots. Tenants pay utilities through RUBs. All apt leases are MTM. District Energy heat. Tax Credits remaining and in Opportunity Zone. Commercial units on long leases. EPDM Roof, in good condition, per report. In place 6.53 cap rate.
Coin-op Laundry Leased, Concrete Floors & Walls, Elevator(s), Fire Sprinkler System
On-Street Parking Only, More Parking Onsite for Fee
Age 8 Years or Less, Flat, Pitched, Rubber
Business/Commercial,Residential-Multi-Family
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Listing information last updated on May 4th, 2024 at 5:20am CDT.
