647 Snelling Avenue N, Saint Paul, MN 55104
sale
$1,610,000
|
Other
Courtesy Of Bridge Realty
This 1930's classic brick building offers add-value opportunity and consists of 17 studios and two one-bedroom apartments. With a modest footprint, this building is ideal for investors interested in small, easy-to-rent, maintain, or renovate apartment units. It is located on a quiet block, but conveniently located near several amenities and the Green Line Train is steps away. The City's master plan is for significant redevelopment and investment focus on the surrounding area of Midway/Hamline. The property has added appeal being in a defined Opportunity Zone (the Opportunity Zones program provides tax relief for investors who re-invest their unrealized capital gains into specific low-income communities.)
Additionally, the building is approved for the 4D Tax-reduction program and will benefit from a significant tax reduction this next calendar year (see city website for more information. See attachments for financial information.
Additionally, the building is approved for the 4D Tax-reduction program and will benefit from a significant tax reduction this next calendar year (see city website for more information. See attachments for financial information.
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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
- Architecture Style: Other
- Legal Description: MIDWAY PLAISANCE ST PAUL EX S 45 FT LOT 1 BLK 1 ROSSMAN ADD AND IN SD MIDWAY PLAISANCE LOT 3 BLK 1
- MLSID: 6398249
- Roof Type: Unknown
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