About 729 Oakdale Avenue
This is an amazing opportunity to acquire a solid well-built 23-unit apartment building close to the Cherokee Park neighborhood of Saint Paul and near West Saint Paul & South St. Paul cities in Minnesota. Built in 1963 the unit make-up is twelve 2-bedroom and eleven 1-bedroom apartments all with one full bathroom. Beautiful all-brick exterior with three stories and spread across an oversized 0.52-acre corner lot. Fully rented, on-site coin laundry and a newer hot water heater! Average two-bedroom rents are at $1,184 and one-bedroom rents at $1,049. There are five two-car double garages that are 100% occupied and bring in extra cash flow. Located on a bus route and near highways 52, 494, and 94 729 Oakdale Ave is the perfect investment property to buy with doing a 1031 IRC tax exchange from the sale of your smaller 4-10 units. Increase your monthly cash flow and take advantage of your tax benefits with new depreciation.
Features of 729 Oakdale Avenue
| MLS® # | 6815535 |
|---|---|
| Price | $2,600,000 |
| Acres | 0.52 |
| Year Built | 1963 |
| Type | Commercial Sale |
| Sub-Type | Apartment |
| Status | Active |
Community Information
| Address | 729 Oakdale Avenue |
|---|---|
| Area | West Side |
| Subdivision | The W St Paul Re&Imp Synd 1 |
| City | Saint Paul |
| County | Ramsey |
| State | MN |
| Zip Code | 55107 |
Amenities
| Utilities | Electric Separate, Heating Common, Hot Water Common |
|---|---|
| Parking | Detached, Parking Lot |
| # of Garages | 10 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Range, Refrigerator |
|---|---|
| Heating | Hot Water |
| Cooling | Wall Unit(s) |
| Fireplace | No |
Exterior
| Lot Description | Corner Lot |
|---|---|
| Roof | Age Over 8 Years, Flat, Rubber |
| Construction | Brick/Stone |
School Information
| District | St. Paul |
|---|
Additional Information
| Zoning | Residential-Multi-Family |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| Taxes | $43,226 |
Listing Details
| Office | Apartment Cash Flow, Inc. |
|---|