Log In/Sign Up
Your email has been sent.
953 Desoto St 6 Unit Apartment Building $745,854 CAD ($124,309 CAD/Unit) 9.52% Cap Rate Saint Paul, MN 55130
Investment Highlights
- Fully occupied six-unit building with strong 2-bedroom mix.
- Large lot and garage offering value-add potential, including future unit additions.
- Owner pays gas, water, and trash with utilities recaptured through tenant charge-backs.
- Reliable cash-flowing investment with stable tenancy.
- Part of the city’s 4D program providing tax-advantaged affordability structure.
Executive Summary
Fully occupied 6-plex on the Eastside with (5) 2-bed & (1) 1-bed units, plus a garage and large lot. Great investment opportunity already producing positive cashflow, with value-add opportunities including adding additional unit(s). This property is a part of the 4D program with the city. Owner pays for gas, water and trash. Tenants currently pay all utilities through a charge-back fee. Questions call Dan O'Brien @ 612-562-3773
Property Facts
| Price | $745,854 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $124,309 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 9.52% | Building Size | 6,352 SF |
| Gross Rent Multiplier | 8.46 | No. Stories | 2 |
| No. Units | 6 | Year Built | 1969 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | Multi-Family | ||
| Price | $745,854 CAD |
| Price Per Unit | $124,309 CAD |
| Sale Type | Investment |
| Cap Rate | 9.52% |
| Gross Rent Multiplier | 8.46 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 6,352 SF |
| No. Stories | 2 |
| Year Built | 1969 |
| Opportunity Zone |
Yes |
| Zoning | Multi-Family |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 500 |
| 2+1 | 5 | - | 650 - 745 |
1 1
Walk Score®
Very Walkable (75)
Property Taxes
| Parcel Number | 29-29-22-32-0018 | Improvements Assessment | $695,914 CAD |
| Land Assessment | $164,422 CAD | Total Assessment | $860,336 CAD |
Property Taxes
Parcel Number
29-29-22-32-0018
Land Assessment
$164,422 CAD
Improvements Assessment
$695,914 CAD
Total Assessment
$860,336 CAD
1 of 25
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
953 Desoto St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.