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Property profile

999 Hudson Rd Saint Paul, MN 55106

OFF-MARKET
Investment properties
Property ID
US46-1915609
7,200 SF 0.23 ac lot Built 1908
Individually Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional mixed-use property at 999 Hudson Road, St. Paul, Minnesota, presents a unique investment opportunity. The 10,123 square foot building, constructed in 1964 and renovated in 2015, sits on a 0.25-acre lot and is zoned for both business and residential single-family use. Currently operating at 100% occupancy since February 1, 2023, the property features a highly visible main floor laundromat and two second-floor apartments, all under a single ownership. The laundromat boasts 17 IPSO washers and 22 stacked dryers, along with supplies, parts inventory, two flat-screen TVs, and surveillance equipment for remote monitoring. The building's current leases have a remaining term of approximately 0.1 years, expiring December 31, 2024, with a lease commencement date of September 1, 2022. The asking price is $875,000, translating to $86.44 per square foot. The seller is currently undertaking a roof replacement and subdividing an adjacent vacant lot. This turnkey operation offers a solid cash flow and is ideally located near St. Paul's vibrant restaurants, bars, and shopping areas. The property's strong operating history and current high occupancy make it an attractive investment for owner-users seeking a blend of commercial and residential income streams. The building is a Class C property with three units and two tenants. The property is currently 100% occupied.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1908
Construction WOOD FRAME
Total area 7,200 SF
Lot 0.23 ac (10,106 SF)
APN 33-29-22-31-0236
UPID US46-1915609

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

999 Hudson Rd Saint Paul, MN 55106-6106
Saint Paul metro Census 34500 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$640k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$680k

Owner & transaction history

since 2020
Last sale
$700,000
4 recorded transactions
2020
$700,000
2019
Price N/A
2019
$419,703
2011
$500

Zoning & alternative use

Top alternative use upside
Medical building $1.1M +213.5%
Warehouse, storage $830,000 +145.2%
Office building $790,000 +133.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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