1922 Wilson Avenue, Saint Paul, MN 55119

Property Description

THE EASTVIEW APARTMENTS LOCATED IN THE HEART OF SAINT PAUL IS CLOSE TO DOWNTOWN AND THE SUBURBS OF OAKDALE, WOODBURY & MAPLEWOOD. EASY ACCESS TO HIGHWAYS 94 & 494. NEWLY CONSTRUCTED IN 2021, THIS MULTI-FAMILY ASSET OFFERS RESIDENTS LARGE THREE-BEDROOM, TWO BATHROOM UNITS DESIGNED FOR MODERN LIVING! EACH UNIT IS APPROXIMATELY 1,541 SQFT AND FEATURES STAINLESS STEEL APPLIANCES, QUARTZ COUNTERTOPS, AMPLE CLOSET SPACE, AND SELF-CONTROLLED HIGH-EFFICIENCY HEATING AND AIR CONDITIONING. WITH CONTROLLED ACCESS ENTRY, SECURITY CAMERAS IN COMMON AREAS, AND OFF-STREET PARKING, EASTVIEW APARTMENTS ENSURES A SECURE AND STRESS-FREE RENTING EXPERIENCE FOR ITS RESIDENTS. CLOSE TO TONS OF SHOPPING, SCHOOLS, PLAYGROUNDS, ENTERTAINMENT VENUES, AND THE CONWAY RECREATION CENTER. PROFESSIONALLY MANAGED WITH THE POSSIBILITY TO RETAIN THEM FOR FULL MANAGEMENT DUTIES. VERY STABLE, FULLY OCCUPIED, AND IN TURN KEY CONDITION!! THIS PROPERTY MAKES FOR THE PERFECT 1031 EXCHANGE OUT OF A SMALLER ASSET!! SITS ON 0.73 ACRES AND INCLUDES 16 OFF-STREET PARKING SPACES. LAUNDRY FACILITIES LOCATED ON THE 2ND AND 3RD FLOORS HAVE 12 COIN-OPERATED SPEED QUEEN MACHINES. CURRENT CAP RATE IS 6.5% AND IN-PLACE NET OPERATING INCOME $195,134.