647 Snelling N Ave Saint Paul, MN 55104-1845
- Apartment buildings
- 8,160 SF
- 0.13 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 647 Snelling N Ave
- Year built
- 1930
- Construction
- WOOD FRAME
- Lot size
- 0.13 lot acres
- Property size
- 8,160 SF
- Zone code
- L
- Property type
- Apartment buildings
- APN
- 33-29-23-11-0048
- APU
- 332923110048
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Saint Paul
- County
- Ramsey
- State
- Minnesota
- Longitude
- -93.1675
- Latitude
- 44.9607
- CBSA code
- 33460
- CBSA name
- MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
