Property Description
Morton Street Apartments is a very attractive and well maintained 12-unit apartment building located within walking distance to both the Belvidere and Bluff Parks in Saint Paul, Minnesota. This property offers an exceptional opportunity to acquire a solid, fully-occupied investment in a desirable neighborhood of St. Paul. With a strong history of occupancy, consistent operations, and a focus on long-term maintenance, Morton Apartments is super clean and provides immediate cash flow. The main and upper floor units feature refinished original hardwood flooring. The property includes on-site coin-operated laundry, updated vinyl replacement windows and a 10-car off-street parking lot. Unit mix is ten one-bedroom, one bath and one Studio, one bath. The average 1-bd rent is $1,060 and average studio is $890. Built in 1963 and perfectly situated on a 0.39 acre corner lot. This makes for a great 1031 option coming out of a smaller rental property. Close to the Minneapolis International Airport, plenty of employment and downtown Saint Paul.
Property Features
Property Type: Commercial - Business
Basement: Yes
Cooling: Wall Unit(s)
Fuel Type: Natural Gas
Heating: Boiler, Hot Water
Lot Size: 0.39 Acres
Roof Type: Age Over 8 Years, Asphalt, Pitched
Stories: 3.0
Taxes: $19,036
Year Built: 1963
Feature Descriptions
Appliances: Range, Refrigerator
Basement: Block, Finished, Full
Current Use: Residential
Days on Site: 204
Exterior: Block, Frame
Foundation Size: 2600
Lot: Corner Lot
Lot Dimensions: 90 x 180
Owners Expense: Fuel, Grounds Care, Sewer, Snow Removal, Taxes, Trash Collection, Water
Parcel#: 082822310101
Parking: Asphalt, Parking Lot, Paved Lot
Road Frontage: City Street
Sale Includes: Building, Land, Rental License
Sewer: City Sewer/Connected
Tenant Expenses: Broadband, Electricity
Units: 12
Utilities: Electric Separate, Heating Common, Hot Water Common
Water: City Water/Connected
Local Schools
School District: St. Paul
Listed By / Shown By
Listed By
Agency Name: Apartment Cash Flow, Inc.
Agency Phone: 651-263-3653
Shown By
Agent Name: Jocelyn Teiken
Agent Phone: (612) 247-4797
Agency Title: Counselor Realty
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149 Morton Street E | MLS# 7022196
This commercial property located at 149 Morton Street E, Saint Paul, MN 55107 is currently listed for sale with an asking price of $1,295,000. Morton Street E is located within the St. Paul school district. Search Saint Paul real estate on jteiken.counselorrealty.com today.