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