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647 Snelling Avenue N

Saint Paul, MN 55104
  • $1,500,000
  • STATUS: Active
  • ON SITE: 287 Days
  • ID#: 6398249
$1,500,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,120
    SQFT
  • $164
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1930
County:

School Ratings & Info

School District:
NorthstarMLS] logo Listing courtesy of Bridge Realty, LLC.

Description

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.

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IDX data © 2024 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Keller Williams Preferred Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Keller Williams Preferred Realty is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Keller Williams Preferred Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed. By viewing the listings on this site, you are agreeing to abide by the RMLS End-User License Agreement. Data last updated 2024-04-19T11:39:47.16.

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647 Snelling Avenue N Saint Paul, MN 55104

  • Price: $1,500,000
  • Status: Active
  • On Site: 287 Days
  • ID#: 6398249
0
Beds
0
Baths
0
½ Baths
0.13
Acres
9,120
SQFT
$164
$/SQFT
1930
Built
Neighborhood:
Hamline-Midway
County:
Ramsey
Area:
Hamline-Midway
School District:
625 - St. Paul
Property Description
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.
Exterior Features

Construction Materials Brick/Stone Foundation Area 9120 Lot Size Dimensions 50x122x53x122 Parking Features Off SitePavedOpen Parking Open 0

Interior Features

Heating Boiler Refrigerator Num One Per Unit

Property Features

Accessibility Features None Additional Parcels YN No Assessment Pending Unknown Association Amenities Coin-op Laundry Owned Contingency None Current Use Residential Foreclosure Status No Fractional Ownership YN No Fuel Natural Gas Inclusions Building Land Lease YN No Lender Owned No Postal City Saint Paul Potential Short Sale No Rental License Type Standard Rental License YN Yes Sewer City Sewer/Connected Tax Annual Amount 32830 Tax With Assessments 34078.0000 Tax Year 2023 Utilities Electric Separate Water Source City Water/Connected Zoning Description Business/CommercialResidential-Multi-Family

NorthstarMLS] logo © 2024 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
Listing courtesy of Bridge Realty, LLC: . This home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.


IDX data © 2024 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Keller Williams Preferred Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Keller Williams Preferred Realty is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Keller Williams Preferred Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed. By viewing the listings on this site, you are agreeing to abide by the RMLS End-User License Agreement. Data last updated 2024-04-19T11:39:47.16.

Click here for Digital Millennium Copyright Act
 
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Keller Williams Preferred Realty
14300 Nicollet Ct., Suite #208
Burnsville MN, 55306
NorthstarMLS] logo Listing courtesy of Bridge Realty, LLC.