804 4Th St Saint Peter, MN 56082
- Commercial real estate
- 3,008 SF
- 0.25 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 804 4Th St
- Year built
- 1890
- Lot size
- 0.25 lot acres
- Property size
- 3,008 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a well-maintained, four-unit apartment building located in the heart of Saint Peter, Minnesota. Boasting Victorian charm, this historic property is situated just one block from Minnesota Square Park, offering convenient proximity to Gustavus College and downtown amenities. The building features a total of 3,008 square feet across two stories, with four units: two one-bedroom units, one two-bedroom unit, and one three-bedroom unit. All units are currently leased, providing immediate cash flow for the new owner. Recent significant upgrades include a new steel siding, a new roof installed in November 2023, a new chimney with a cement cap (October 2021), and a new stainless steel chimney liner (May 2021). All appliances have been replaced within the last four years, and a new water heater was installed in 2019. A coin-operated washer and dryer are located in the basement, with the dryer being new in 2023. All windows are aluminum combination storm windows. The property sits on a 0.25-acre lot, zoned 4A, and presents potential for future expansion, such as adding garages (subject to city approval). This turnkey investment offers a strong return, with an asking price of $399,000 ($132.65/sq ft and $99,750/unit). Built in 1890, this property combines historical character with modern updates, making it an ideal addition to any investment portfolio.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Saint Peter
- County
- Nicollet
- State
- Minnesota
- Longitude
- -93.9641499
- Latitude
- 44.3210707
