425 Roy Street N Saint Paul, MN 55104 MLS# 6398290 Status: Closed
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Property Description 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.
Details
Maps
Contract Information
Status: Closed
Off Market Date: 2024-02-08
Current Price: 1362500
Closed Date: 2024-03-18
Sales Close Price: 1362500
Contingency: None
ListPrice: 1510000
List Date: 2023-07-07
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Year Built: 1937
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 6490
For Sale or Lease: For Sale
Acres: 0.12
Lot Dimensions: 45x120x46x120
Assessment Pending: Unknown
Location Tax and Other Information
House Number: 425
Street Name: Roy
Street Suffix: Street
Street Direction Suffix: N
Postal City: Saint Paul
County: Ramsey
State: MN
Zip Code: 55104
Assessments
Assessment Balance: 1051.04
Tax With Assessments: 32343.04
Building Information
Building Finished SqFt: 6490
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Sale Options
Sale Includes: Building
Unit 1
No. of 1 Bedroom Units: 10
Unit Details
Total Units: 16
Unit Information
No. of Efficiency Units: 6
Property Features
Accessible: None
Amenities Unit: Hardwood Floors
Appliances: Range; Refrigerator
CMU Style: Apartments/Multi Family
Construction Materials: Block
Construction Status: Previously Owned
Current Use: Residential
Exterior: Brick/Stone
Financing Terms: Conventional
Fuel: Natural Gas
Heating: Boiler
Loan Terms: Cash; Conventional; Conventional Rehab; Other