647 Snelling AveSaint Paul, MN 55104

This well-located 19-unit apartment building in Saint Paul, Minnesota presents a compelling investment opportunity. Priced at $1,500,000, this Class B property offers a price per unit of $78,947.37. Built in the 1930s, the building boasts classic brick architecture and comprises 17 studio apartments and two one-bedroom units. Its manageable size makes it ideal for investors seeking a relatively low-maintenance property with strong rental potential. The building's location near the Green Line Train and various amenities ensures high occupancy rates. The surrounding Midway/Hamline area is slated for significant redevelopment and investment, promising future appreciation. Further enhancing its appeal, this property is approved for the city's 4D Tax-reduction program, resulting in substantial tax savings in the upcoming year (details available on the city website). Detailed financial information is available upon request. This is a rare chance to acquire a solid, income-generating asset in a rapidly developing neighborhood. The property is situated at 647 Snelling Ave N, Saint Paul, MN 55104, in Ramsey County.