1108 Western Ave N, Saint Paul, MN 55117

Multiple Family

For Sale: $475,000.00

Available (Wholesale)

Contact Info

 (952) 913-1133

View On Property Owner's Website

This property is brought to you by:
Minnesota Real Estate Investors Association, Inc.

$100k built-in equity, 9% cash on cash, motivated absentee owner, off-market apartment

Nine-unit apartment building for sale, $100,000 instant equity based on recent sales comps even after a needed new roof is added. You will be purchasing the property for $12,000/unit under market value. Property found to be in good condition after personally touring the interior and exterior. Seller is out of state and motivated, and the property is off-market. Apartments are currently 100% leased, ready and waiting for immediate cash flow, a 9% cash on cash return, a 9 cap. Property has coin operated washer and dryers. The C-class property has a good unit mix and is located in a quiet C-class neighborhood surrounded by single family homes and a few other small apartment buildings. Good opportunities like this are hard to come by in this market. Message me at for additional information and pictures.

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