Minnesota Real Estate Investors Association, Inc.


1108 Western Ave N, Saint Paul, MN 55117

$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 anthonylueck@thenyagroup.com for additional information and pictures.

Minnesota Real Estate Investors Association, Inc. is not responsible for the properties or the information listed here. Each Property is independently owned.  Click on the link above to contact the Property Owner about this property.