358 1st S Ave, South Saint Paul, MN 55075-2631

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.