729 Oakdale Avenue, Saint Paul, MN 55107 (MLS# 6815535)

General Property Information

Lot Measurement: Acres
Management Company Name: Self Managed
Multiple PIDs?: No
Other Parking Spaces: 20
Owner Occupied: No
Waterfront Present: No
Year Built: 1963
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 6600
Garage Stalls: 10
For Sale or Lease: For Sale
Acres: 0.51
Lot Dimensions: 200 x 110

Property Features

Accessible: None Air Conditioning: Wall Unit(s) Appliances: Range; Refrigerator Assumable Loan: Not Assumable Basement: Egress Windows; Full CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Existing Financing: Conventional Exterior: Brick/Stone Fencing: None Flooring: Carpet; Luxury Vinyl Plank; Tile Foundation: Concrete Block Fuel: Natural Gas Heating: Hot Water Loan Terms: Cash; Conventional Lock Box Type: None Lot Description: Corner Lot On Site Utilities: Electric Separate; Heating Common; Hot Water Common Owner Pays: Gas; Hot Water; Lawn; Lawn; Trash Collection; Water Parking Characteristics: Parking Lot Pool Description: None Potential Use: Income Rent Rate per Foot: Per Month Rental License Type: Standard Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Age Over 8 Years; Flat; Rubber Sewer: City Sewer/Connected Stories: Three Or More Tenant Pays: Broadband; Electricity Topography: Level Wall Description: Drywall Water: City Water/Connected Window Features: Double Pane Windows

Contract Information

Contingency: None
ListPrice: 2600000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 729
Street Name: Oakdale
Street Suffix: Avenue
Postal City: Saint Paul
County: Ramsey
State: MN
Zip Code: 55107
Complex/Dev/Subdivision: The W St Paul Re&Imp Synd 1

Assessments

Tax With Assessments: 43226
Assessment Balance: 0

Building Information

Building Finished SqFt: 19800
Building SqFt: 19800
Ceiling Height: 8-10

More Information

Income and Expenses

Annual Caretaker Expense: 15618
Annual Electric Expense: 2100
Annual Fuel Expense: 120000
Annual Gross Expenses: 125889
Annual Gross Income: 312366
Annual Insurance Expense: 14250
Annual Maintenance Expense: 7475
Annual Net Income: 186477
Annual Water/Sewer Expense: 20300
Total Annual Expenses: 125889

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 22
Section#: 08
Township#: 28

Sale Options

Sale Includes: Building, Land, Rental License

Unit 1

No. of 1 Bedroom Units: 11

Unit 2

No. of 2 Bedroom Units: 12

Unit Details

Total Units: 23

Office/Member Info

Association: SPAAR

Location, Tax and Other Information

Legal Description: THE W ST PAUL REIMP SYND 1 VAC ALLEY ACCRUING AND FOL LOTS 1 2 3 4 AND LOT 5 BLK 5
Listing City: Saint Paul
Map Page: 122
Municipality: Saint Paul
School District: St. Paul
School District Phone: 651-767-8100
Zip Plus 4: 3059
Property ID Number: 082822310139
Tax Year: 2025
Tax Amount: 43226
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: 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.
Directions: Oakdale avenue to property

Accessible

None: Yes

Air Conditioning

Wall Unit(s): Yes

Appliances

Range: Yes
Refrigerator: Yes

Assumable Loan

Not Assumable: Yes

Basement

Egress Windows: Yes
Full: Yes

Construction Status

Previously Owned: Yes

Existing Financing

Conventional: Yes

Exterior

Brick/Stone: Yes

Fencing

None: Yes

Flooring

Carpet: Yes
Luxury Vinyl Plank: Yes
Tile: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Hot Water: Yes

Lock Box Type

None: Yes

Lot Description

Corner Lot: Yes

Owner Pays

Gas: Yes
Hot Water: Yes
Lawn: Yes
Trash Collection: Yes
Water: Yes

Parking Characteristics

Parking Lot: Yes

Pool Description

None: Yes

Rental License Type

Standard: Yes

Road Frontage

City Street: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age Over 8 Years: Yes
Flat: Yes
Rubber: Yes

Sewer

City Sewer/Connected: Yes

Stories

Three Or More: Yes

Topography

Level: Yes

Wall Description

Drywall: Yes

Water

City Water/Connected: Yes

Window Features

Double Pane Windows: Yes

No. of Ranges

One Per Unit: Yes

No. of Refrigerators

One Per Unit: Yes

Tenant Pays

Broadband: Yes
Electricity: Yes

On Site Utilities

Electric Separate: Yes
Heating Common: Yes
Hot Water Common: Yes

CMU Style

Apartments/Multi Family: Yes

Current Use

Residential: Yes

Loan Terms

Cash: Yes
Conventional: Yes

Potential Use

Income: Yes

Rent Rate per Foot

Per Month: Yes