For Sale: Saint Louis Park MLS# 6543961
Active
$5,250,000
Commercial: Apartments
Built 1958
1.74 acres
St. Louis Park schools
MLS# 6543961
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Property Description
Fantastic 50-unit apartment property, which includes two 11-unit buildings, one 27-unit building and one SFH. The property is set on 1.74 acres and is adjacent to the Cedar Bike Trail. There has been significant development within a half mile of this property including the Texa-Tonka strip center and new apartment construction. There is an assumable loan with interest rate of 3.91% fixed to 2/2027.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$5,250,000
Property Type:
Commercial
City:
Saint Louis Park
County:
Hennepin
Year Built:
1958
State:
MN
Property Style:
Apartments
Zip Code:
55426
Subdivision Name:
Trailway Apartments
Interior
Ranges:
One Per Unit
Refrigerators:
One Per Unit
Appliances Included:
- Range
- Refrigerator
Basement Details:
- Crawl Space
- Finished
Exterior
Stories:
Two
Other Parking Spaces:
50
Air Conditioning:
Wall Unit(s)
Foundation Size:
18,000 ft2
Foundation Dimensions:
200X90
Handicap Accessible:
None
Heating System:
- Boiler
- Hot Water
- Radiator(s)
Parking Features:
Parking Lot
Shared Amenities:
Patio
Exterior Material:
- Brick/Stone
- Stucco
Roof Details:
Asphalt
Lot & Land
Acres:
1.74
Geolocation:
44.950011, -93.386118
Inclusions:
Building, Land, Leases
Lot Dimensions:
75794
Addl Parcels:
0711721440101, 0711721440100
Zoning:
Residential-Multi-Family
Lot Description:
Irregular Lot
Schools
School District:
283
District Phone:
952-928-6000
Expenses
Tenant Expenses:
Electricity, Gas, Sewer, Trash Collection
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$85,625
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$85,625
Income
Annual Gross Income:
$697,000
Units
Total Units:
50
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
Electric Separate
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of Manarola LLC.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.