262 4th Street Saint Paul, MN 55101
Lowertown Saint Paul value add multifamily! An existing 29 unit, 27 residential/2 commercial unit mix. Residential units are loft style mostly 1 bed unit, however, it has potential to be turned into 41 units, and almost double the bedroom count due to the size and uniqueness of units. Known as an Artist loft building, art exudes the building and attracts great tenants in an amazing location, walk to all the best downtown spots. Tenants pay utilities through RUBs. All apt leases are MTM. District Energy heat. Tax Credits remaining and in Opportunity Zone. Commercial units on long leases. EPDM Roof, in good condition, per report. In place 6.53 cap rate.
- Property TypeCommercial
- NeighborhoodN/A
- CountyRamsey
- Taxes$46,362
- HOA/Condo/Coop Fees$0
- Days on Site33 Days
- MLS StatusActive
- MLS ID Number6504943
- Home Size Source N/A
- Year Built1906
- Lot Size0.15 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction Block
- Parking On- Street Parking OnlyMore Parking Onsite for Fee
- Basement Full
- Number of Stories Three Or More
- Zoning Business/Commercial, Residential-Multi-Family
- Accessibility Features Accessible Elevator Installed
- Property Sub Type Business
- Garage Spaces 0
- Contingency None
- Sewer City Sewer/ Connected
- Water City Water/ Connected
- Lot Features Public Transit (w/in 6 blks)
Interior Features
- Cooling None
- Heating Other
Exterior Features
- Roof FlatRubberAge 8 Years or LessPitched
- Lot Public Transit (w/in 6 blks)
- Road Frontage City Street
- Construction Details BlockBrick/ Stone
Community Features
- Association Amenities Coin-op Laundry LeasedConcrete Floors & WallsElevator(s)Fire Sprinkler System