425 Roy Street N, Saint Paul, MN 55104
sale
$1,510,000
|
Other
Courtesy Of Bridge Realty
This 16-unit apartment building is an excellent prospect to add to your investment portfolio.
This 1930's classic brick building offers add-value opportunity and consists of 6 studios and 10
one-bedroom apartments. Two non-conforming units offer opportunity for the creative investor. A Solid
roof, newer windows, and updated electric, with a solid exterior. Conveniently located near several amenities and just blocks from the new Allianz Soccer Stadium, Green Line Train, shopping, parks, and dining, making it a perfect fit for anyone looking for a small investment opportunity with growth potential. In an designated Opportunity Zone (the Opportunity Zones program provides tax relief for investors who re-invest their unrealized capital gains into specific low-income communities.) Review the city's Master Plan for significant redevelopment. Additionally, the building is approved for the 4D Tax-reduction program and will benefit from a significant tax reduction this next calendar year.
This 1930's classic brick building offers add-value opportunity and consists of 6 studios and 10
one-bedroom apartments. Two non-conforming units offer opportunity for the creative investor. A Solid
roof, newer windows, and updated electric, with a solid exterior. Conveniently located near several amenities and just blocks from the new Allianz Soccer Stadium, Green Line Train, shopping, parks, and dining, making it a perfect fit for anyone looking for a small investment opportunity with growth potential. In an designated Opportunity Zone (the Opportunity Zones program provides tax relief for investors who re-invest their unrealized capital gains into specific low-income communities.) Review the city's Master Plan for significant redevelopment. Additionally, the building is approved for the 4D Tax-reduction program and will benefit from a significant tax reduction this next calendar year.
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Copyright © 2023 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Property Features
- Age: Over 50 Years Old
- Appliance: Refrigerator
- Appliance: Range
- Architecture Style: Other
- Exterior Type: Block
- Legal Description: HOMER H HOYT COS ADDITION LOT 9 BLK 2
- MLSID: 6398290
- Roof Type: Unknown
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