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Marc Hedlund

marc@iheartexit.com +1(701) 730-4440

$1,099,000

Est. payment - /mo

0.35 Acres Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision College Place, West, Division

MLS Listing ID 6803172

Year Built 1900

Annual Tax Amount $25,746

Tax Year 2025

Contingent None

Lot Size 0.346 Acres

Lot Dimensions 80 x 200

Property Description

1619 Hubbard Avenue is a remarkable investment opportunity to acquire 9 well-appointed units steps away from the prestigious Hamline University and five blocks south of the Minnesota State Fairgrounds. Every apartment is unique and spacious with some of them receiving solid surface quartz countertops, stainless steel appliances, refinished hardwood flooring, original French doors and luxury vinyl plank. Kitchens and bathrooms are remodeled with newer tile, cabinets, plumbing and lighting fixtures and fresh paint. Newer hot water boiler services all the apartments for heat. All the electrical panels and breakers have been updated. The exterior siding is maintenance free and windows have all been replaced. Both the pitched roofs on the main building and detached garage are newer. Building sits on a larger 0.34 acres with a five-car garage for additional income and a back parking lot for tenants with plenty of off-street parking. Lower level has the potential to add another unit making it a 10-unit. This asset is 100% full and super easy to keep rented. In place NOI of $67,772 and a 6.16% cap rate. This property has been well managed over the years and has great curb appeal!

Location

State MN

County Ramsey

Zoning Residential-Multi-Family

Rooms

Basement Finished, Full

Interior

Heating Boiler, Hot Water

Cooling Window Unit(s)

Flooring Carpet, Luxury Vinyl Plank, Wood

Inclusions Building, Land, Leases, Rental License

Fireplace No

Appliance Range, Refrigerator

Exterior

Parking Features Detached Garage, Parking Lot

Garage Spaces 5.0

Fence None

Pool None

Utilities Available Electric Separate, Heating Common, Hot Water Common

Roof Type Age 8 Years or Less,Asphalt,Pitched

Present Use Residential

Building

Lot Description Irregular Lot

Story Three Or More

Foundation 2310

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Three Or More

Structure Type Frame,Stone

New Construction false

Schools

School District St. Paul

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Listed by Nathan Opatz • Apartment Cash Flow, Inc.

Nearby School & Business

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Marc Hedlund

+1(701) 730-4440

Broker | License ID: 40339406

Broker License ID: 40339406

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1619 Hubbard AVE Saint Paul, MN 55104

Marc Hedlund

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Nearby School & Business

Get More Information