358 1st S Ave South Saint Paul, MN 55075-2631
- Apartment buildings
- 3,715 SF
- 0.11 lot acres
Mar 15, 2022
Current Use by Public Records
- Apartment buildings
Property Details for 358 1st S Ave
- Year built
- 1900
- Construction
- WOOD
- Lot size
- 0.11 lot acres
- Property size
- 3,715 SF
- Zone code
- R
- Property type
- Apartment buildings
- APN
- 36-64300-16-160
- APU
- 366430016160
Description
This exceptional value-add opportunity presents a five-unit apartment building located at 358 1st Ave S, South Saint Paul, Minnesota, 55075. The property, built in 1900, is a three-story Class C building and features a total of five units. The unit mix includes four one-bedroom apartments and one larger one-bedroom unit with an additional den. The building is heated by a boiler system and has a pitched roof. Recent improvements include a new exterior staircase, representing a $10,000 investment. This property offers significant potential for value enhancement through strategic renovations and upgrades. Its convenient location near the Highway 494/694 loop provides easy access to the greater Twin Cities metropolitan area, enhancing its appeal to a wide range of tenants. Priced at $450,000, this is a compelling investment opportunity for those seeking a multifamily property in a desirable location with immediate upside potential. The property is situated in Dakota County, Minnesota. This is a rare chance to acquire a well-located, multi-unit building with a strong foundation for future growth. The asking price reflects the current market conditions and the property's inherent value-add potential.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- South Saint Paul
- County
- Dakota
- State
- Minnesota
- Longitude
- -93.0351
- Latitude
- 44.8855
- CBSA code
- 33460
- CBSA name
- MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
