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425 Roy Street N

Saint Paul, MN 55104
  • $1,362,500
  • STATUS: Closed
  • ON SITE: 370 Days
  • ID#: 6398290
Sold - 03/18/2024
$1,362,500
SOLD - 03/18/2024
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,490
    SQFT
  • $0
    $/SQFT
Type:
Commercial
Built:
1937
County:

School Ratings & Info

School District:
NorthstarMLS] logo Listing courtesy of Bridge Realty, LLC.

Description

This 16-unit apartment building is an excellent prospect to add to your investment portfolio. This 1930's classic brick building offers add-value opportunity and consists of 6 studios and 10 one-bedroom apartments. Two non-conforming units offer opportunity for the creative investor. A Solid roof, newer windows, and updated electric, with a solid exterior. Conveniently located near several amenities and just blocks from the new Allianz Soccer Stadium, Green Line Train, shopping, parks, and dining, making it a perfect fit for anyone looking for a small investment opportunity with growth potential. In an designated Opportunity Zone (the Opportunity Zones program provides tax relief for investors who re-invest their unrealized capital gains into specific low-income communities.) Review the city's Master Plan for significant redevelopment. Additionally, the building is approved for the 4D Tax-reduction program and will benefit from a significant tax reduction this next calendar year.

© 2024 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
Sold by .

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IDX data © 2024 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than The Smith Team - Keller Williams Premier Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. The Smith Team - Keller Williams Premier Realty is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of The Smith Team - Keller Williams Premier Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed. By viewing the listings on this site, you are agreeing to abide by the RMLS End-User License Agreement. Data last updated 2024-07-12T00:25:18.15.

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425 Roy Street N Saint Paul, MN 55104

  • Price: $1,510,000
  • Status: Closed
  • On Site: 370 Days
  • ID#: 6398290
0
Beds
0
Baths
0
½ Baths
0.12
Acres
6,490
SQFT
$0
$/SQFT
1937
Built
Neighborhood:
Merriam Park/Lexington-Hamline
County:
Ramsey
Area:
Merriam Park/Lexington-Hamline
School District:
625 - St. Paul
Property Description
This 16-unit apartment building is an excellent prospect to add to your investment portfolio. This 1930's classic brick building offers add-value opportunity and consists of 6 studios and 10 one-bedroom apartments. Two non-conforming units offer opportunity for the creative investor. A Solid roof, newer windows, and updated electric, with a solid exterior. Conveniently located near several amenities and just blocks from the new Allianz Soccer Stadium, Green Line Train, shopping, parks, and dining, making it a perfect fit for anyone looking for a small investment opportunity with growth potential. In an designated Opportunity Zone (the Opportunity Zones program provides tax relief for investors who re-invest their unrealized capital gains into specific low-income communities.) Review the city's Master Plan for significant redevelopment. Additionally, the building is approved for the 4D Tax-reduction program and will benefit from a significant tax reduction this next calendar year.
Exterior Features

Construction Materials Brick/Stone Foundation Area 6490 Lot Size Dimensions 45x120x46x120 Parking Features None Parking Open 0

Interior Features

Amenities Unit Hardwood Floors Appliances RangeRefrigerator Heating Boiler Refrigerator Num One Per Unit

Property Features

Accessibility Features None Additional Parcels YN No Assessment Pending Unknown Contingency None Current Use Residential Foreclosure Status No Fractional Ownership YN No Fuel Natural Gas Inclusions Building Land Lease YN No Lender Owned No Postal City Saint Paul Potential Short Sale No Property Sub Type Apartment Rental License Type Standard Rental License YN Yes Sewer City Sewer - In Street Tax Annual Amount 31292 Tax With Assessments 32343.0400 Tax Year 2023 Utilities Heating Common Water Source City Water/Connected Zoning Description Residential-Multi-Family

NorthstarMLS] logo © 2024 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
Listing courtesy of Bridge Realty, LLC: . This home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.


IDX data © 2024 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than The Smith Team - Keller Williams Premier Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. The Smith Team - Keller Williams Premier Realty is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of The Smith Team - Keller Williams Premier Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed. By viewing the listings on this site, you are agreeing to abide by the RMLS End-User License Agreement. Data last updated 2024-07-12T00:25:18.15.

Click here for Digital Millennium Copyright Act
 
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The Smith Team - Keller Williams Premier Realty
3555 Willow Lake Blvd #100
Vadnais Heights MN, 55110
NorthstarMLS] logo Listing courtesy of Bridge Realty, LLC.