262 4th Street E Saint Paul, MN 55101

$2,750,000
Active
Apartment,Mixed Use  |  MLS # 6504943
Active
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About The Listing

Lowertown Saint Paul value add multifamily! An existing 29 unit, 27 residential/2 commercial unit mix. Residential units are loft style mostly 1 bed unit, however, it has potential to be turned into 41
units, and almost double the bedroom count due to the size and uniqueness of units. Known as an Artist
loft building, art exudes the building and attracts great tenants in an amazing location, walk to all the
best downtown spots. Tenants pay utilities through RUBs. All apt leases are MTM. District Energy heat. Tax Credits remaining and in Opportunity Zone. Commercial units on long leases. EPDM Roof, in good condition, per report. In place 6.53 cap rate.


Listing courtesy of Adam Widder, Keller Williams Integrity RE
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Property Details

Features

 
 
 
Property Type: Commercial
Status: Active
Contingency Type: None
Year Built: 1906
MLS #: 6504943
Garage Spaces: 0
Parking Description: On-Street Parking Only, More Parking Onsite for Fee
Sewer Description: City Sewer/Connected
Air Conditioning Type: None
Water: City Water/Connected
Heat Type: Other
Basement: Full
Construction Description: Block, Brick/Stone
Roof Description: Age 8 Years or Less, Flat, Pitched, Rubber
Days On Market (Continuous): 7
Disability Features: Accessible Elevator Installed
Latest Update: 04/09/2024
List Date: 04/02/2024
Listing Agent ID: 506018075
Listing Office: Keller Williams Integrity RE
Listing Office ID: 10071
Data Source: NorthstarMLS - The Regional MLS of Minnesota
Lot Dimensions: 50x130
Lot Size: 0.15 Acres
Lot Features: Public Transit (w/in 6 blks)
School District: St. Paul
Tax Year: 2024
Estimated Taxes: $46,362
Contingency Type: None
City: Saint Paul
Zip: 55101
County: Ramsey
State: MN
Listing last updated: 04/09/24

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