149 Morton Street E,Saint Paul, MN 55107
Saint Paul, MN 55107
Description
Morton Street Apartments is a very attractive and well maintained 12-unit apartment building located within walking distance to both the Belvidere and Bluff Parks in Saint Paul, Minnesota. This property offers an exceptional opportunity to acquire a solid, fully-occupied investment in a desirable neighborhood of St. Paul. With a strong history of occupancy, consistent operations, and a focus on long-term maintenance, Morton Apartments is super clean and provides immediate cash flow. The main and upper floor units feature refinished original hardwood flooring. The property includes on-site coin-operated laundry, updated vinyl replacement windows and a 10-car off-street parking lot. Unit mix is ten one-bedroom, one bath and one Studio, one bath. The average 1-bd rent is $1,060 and average studio is $890. Built in 1963 and perfectly situated on a 0.39 acre corner lot. This makes for a great 1031 option coming out of a smaller rental property. Close to the Minneapolis International Airport, plenty of employment and downtown Saint Paul.
Details
| MLS # | 7022196 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1963 |
| Days On Site | 199 |
| Listing Provided By | Apartment Cash Flow, Inc. | Nathan P. Opatz |
Features
| SQ Feet | 7,800 |
|---|---|
| Basement | Y |
| Units | 12 |
| Zoning | Residential-Multi-Family |
| Acreage | 0.39 |
Interior
| Cooling | Wall Unit(s) |
|---|---|
| Heating | Boiler, Hot Water |
| Appliances | Range, Refrigerator |
Exterior
| Roof | Age Over 8 Years, Asphalt, Pitched |
|---|---|
| Construction Materials | Block, Frame |
| Lot Features | Corner Lot |
Parking
| Parking Features | Asphalt, Parking Lot, Paved Lot |
|---|
Utilities
| Utilities | Electric Separate, Heating Common, Hot Water Common |
|---|
Taxes
| Property | 19036 |
|---|
Area Information
| State | MN |
|---|---|
| County | Ramsey |
| City | Saint Paul |
| Zip Code | 55107 |
| Area | 104 |
| Community Name | The W St Paul Re&Imp Synd 1 |
| School District | 625 |
| High School | St. Paul |
| Listing VS Median (in The W St Paul Re&Imp Synd 1) | |
Price: $1,295,000 low | high Med: $885,000 sqft: 7,800 low | high Med: 5,946 $ / sqft: $166 low | high Med: $141 On site: 199 low | high Med: 103 | |
Market Activity 55107
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Listings courtesy of Northstar MLS as distributed by MLS GRID.
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Learn More About This Property
| State | MN |
|---|---|
| County | Ramsey |
| City | Saint Paul |
| Zip Code | 55107 |
| Area | 104 |
| Community Name | The W St Paul Re&Imp Synd 1 |
| School District | 625 |
| High School | St. Paul |
| Listing VS Median (in The W St Paul Re&Imp Synd 1) | |
Price: $1,295,000 low | high Med: $885,000 sqft: 7,800 low | high Med: 5,946 $ / sqft: $166 low | high Med: $141 On site: 199 low | high Med: 103 | |