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1693 Sherburne AVE Saint Paul, MN 55104
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Key Details
Sold Price $1,475,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Brightwood Park
MLS Listing ID 6642133
Sold Date 04/25/25
Year Built 1972
Annual Tax Amount $34,578
Tax Year 2024
Contingent None
Lot Size 0.380 Acres
Acres 0.38
Lot Dimensions 126x130
Property Sub-Type Apartment
Property Description
This 18-unit apartment building is a rare find, priced to sell at under $89,000 per door. Meticulously maintained by long-time owners, the property will be 100% occupied by March, providing immediate cashflow. Located just blocks from Allianz Field and one block from the light rail and University Avenue bus line, this property sits in the heart of a rapidly evolving neighborhood. The $160 million "United Village" development around Allianz Field is set to potentially boost property values, making this an incredible value-add opportunity. With many units currently rented below market rate and potential for upgrades in kitchens and bathrooms, this property offers excellent upside for savvy investors. Contact William to request offering a memorandum.
Location
State MN
County Ramsey
Zoning Residential-Multi-Family
Interior
Heating Baseboard, Boiler
Cooling Window Unit(s)
Fireplace No
Appliance Range, Refrigerator
Exterior
Parking Features Detached, Paved
Garage Spaces 8.0
Utilities Available Electric Common, Heating Common
Roof Type Age Over 8 Years
Present Use Residential
Building
Story Three Or More
Foundation 222
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Three Or More
Structure Type Brick/Stone
Schools
School District St. Paul
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