487 Grand Avenue, Saint Paul, MN 55102
- $1,900,000
- List Price
- $1,900,000
Property Description
Welcome to an exceptional investment opportunity in the heart of St. Paul! This charming three-story, 19-unit apartment building is perfectly situated on historic Grand Ave, elegantly perched on a hill that offers breathtaking views. This well-maintained building features original hardwood floors throughout, showcasing the timeless craftsmanship and architectural character that defines this beautiful property. The spacious units comprise 12 studio apartments and 7 one-bedroom apartments, each benefitting from great natural light and stunning views through large windows. Key features include: Vacant building ready for new ownership Recent upgrades, including a newer boiler and roof, ensuring efficiency and reliability Clean and well-kept interiors, inviting a variety of potential uses Great layout with large unit sizes, allowing for versatile living arrangements Historically, the property served as a supportive housing medical facility, creating an ideal opportunity for the new owner to continue in that capacity or transition to market-rate apartments, sober housing, supportive housing, or other beneficial uses. Don’t miss the chance to acquire this fantastic investment on Grand Ave, where charm meets modern updates, all while being surrounded by scenic views and the vibrant community of St. Paul.
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Listing courtesy of Mitchell Realty LLC.
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