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34381415
34381408

149 E Morton St, Saint Paul, MN 55107 For Sale

NO
MN MN #40329256
Apartment Cash Flow Inc.
Listed by Apartment Cash Flow Inc.
$1,295,000
160 days on market
Updated 8 days ago

Morton Street Apartments

Details
APN 08-28-22-31-0101
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 7,800
Units 12
Cap Rate 7.35%
NOI $95,156
Occupancy 100%
Pro-Forma Cap Rate 7.35%
Pro-Forma NOI $95,156
Broker Co-Op Yes
Class C
Year Built 1963
Year Renovated 2010
Buildings 1
Stories 3
Acreage 0.390
Zoning Multi-Family
Parking Spaces 10 spaces
Investment Type Stabilized
Ground Lease No
Ownership 100%
Sale Condition 1031 exchange

12 Cute One Bedroom Apartments / 7.35% Cap Rate / Fully Occupied

Marketing description

Morton Street Apartments - Discover a rare opportunity to own a meticulously maintained 12-unit apartment building in the desirable neighborhood of St. Paul, Minnesota. Strategically located within walking distance to Belvidere and Bluff Parks, this income-generating property offers immediate cash flow with a fully occupied status. The property boasts a range of desirable features, including on-site coin-operated laundry, updated vinyl windows, and a newly paved parking lot. With a stable rental history and strong fundamentals, this three-story complex built in 1963 presents a promising investment for discerning buyers. Featuring a mix of 11 one-bedroom, one-bath units and 1 studio unit, this property is meticulously cared for, with a hot water boiler system, wall air conditioning units, and a recently replaced roof. Don't miss out on the chance to acquire this exceptional asset in St. Paul, offering both financial stability and growth potential in a predominantly residential area.

Well Maintained 12-Unit Apartment Building located within walking distance to both the Belvidere & Bluff Parks in St Paul, Minnesota.

This is an exceptional opportunity to acquire a solid, fully-occupied investment property in a desirable neighborhood of St. Paul. The property is clean and provides immediate cash flow. Includes on-site coin operated laundry, updated vinyl windows and newer parking lot. This asset is stable and easy to rent with strong fundamentals in a mostly residential area.

Investment highlights


Listing Contacts

NO
MN MN #40329256
Apartment Cash Flow Inc.
Listed by Apartment Cash Flow Inc.

Valuation Calculator

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$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$95,156.16
$7,929.68/mo

Valuation Metrics

0
DSCR
7.35%
Cap Rate
7.35%
ROI

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Additional Information

Name
Nathan Opatz
License
MN #40329256
Brokerage
Apartment Cash Flow Inc.
Brokerage Phone
651-263-3653
Title
Real Estate Broker
Brokerage Address
1303 River Ridge Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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