A wonderful opportunity for the buyer/investor with deep financial pockets, rehabilitation acumen and a vision. The property is a legal triplex with the City of St. Paul. Let's begin with the BENEFITS and OPPORTUNITIES: legal triplex, newer vinyl siding (2024), newer roof (2024), quiet, non-through street, 1,500 feet (1/3 mile - walking distance) to the Light Rail Fairview Station, 9 blocks to Allianz Field, Under 10 minute drive to nearly every necessary shopping need, restaurants, U of M, University of St. Catherine, University of St. Thomas, Concordia University, Macalester College, I-94. 15 minutes or less to both downtown Minneapolis and St. Paul. CHALLENGES this property presents: significant deferred maintenance will require a substantial cash investment to return it to rentable condition. DO NOT USE the back stairway from the back yard to access the 2nd floor unit. Boiler is old, two electrical services panels (both are fuse-style), garage will most likely need to be razed (then rebuilt or possibly use that area for off-street parking). Easy to show. Easy to purchase. Nice winter project to have it set for the spring rental market. Property is being sold AS-IS.
Listing courtesy of Lawrence Eberhard, GRI, CRS, Keller Williams Premier Realty
