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Belvidere Flats 485 Belvidere St E Immeuble residentiel 4 lots 409 863 € (102 466 €/Lot) Taux de capitalisation 7,03 % Saint Paul, MN 55107
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- New Plumbing
- 4-D Program participant
- Tenants pay heat (baseboard)
Résumé analytique
Fully leased 4-plex on St. Paul's West Side, south of the river with easy access to downtown, the West Side Flats, and District del Sol. Quiet residential block with strong renter demand from the surrounding neighborhood. Close to parks, local restaurants, and transit without the traffic of a main corridor.
Two 2BR/1BA units and two 1BR/1BA units across 2,950 SF. All four tenants are on signed leases through mid-2026 to mid-2027 at rents that were increased during the most recent lease-up cycle. 100% occupancy with market rent upside remaining and room to push on renewals.
Tenants pay their own gas and electricity. Owner covers water/sewer, trash, and recycling.
The property is enrolled in the City of St. Paul's 4d Affordable Housing Incentive Program, which provides up to an 80% reduction in property tax class rates on enrolled units. The covenant transfers with the property on sale, so a buyer inherits the tax benefit on day one with an estimated $4,600+ in annual savings compared to standard tax rates. Contact the listing broker for full program details, rent and income limits, and recertification requirements.
Two units turned over in mid-2025 and were leased up at significantly higher rents. The heavy lifting on vacancy and turnover spend is behind you. A buyer steps into a stabilized rent roll with all four units performing, no deferred maintenance surprises from the recent turn cycle, and a clean path to cash flow from day one.
Solid entry point for an investor looking for a manageable 4-unit with tenants already in place, cash flowing, and a low tax basis that's hard to find for under $500k in St. Paul!
Two 2BR/1BA units and two 1BR/1BA units across 2,950 SF. All four tenants are on signed leases through mid-2026 to mid-2027 at rents that were increased during the most recent lease-up cycle. 100% occupancy with market rent upside remaining and room to push on renewals.
Tenants pay their own gas and electricity. Owner covers water/sewer, trash, and recycling.
The property is enrolled in the City of St. Paul's 4d Affordable Housing Incentive Program, which provides up to an 80% reduction in property tax class rates on enrolled units. The covenant transfers with the property on sale, so a buyer inherits the tax benefit on day one with an estimated $4,600+ in annual savings compared to standard tax rates. Contact the listing broker for full program details, rent and income limits, and recertification requirements.
Two units turned over in mid-2025 and were leased up at significantly higher rents. The heavy lifting on vacancy and turnover spend is behind you. A buyer steps into a stabilized rent roll with all four units performing, no deferred maintenance surprises from the recent turn cycle, and a clean path to cash flow from day one.
Solid entry point for an investor looking for a manageable 4-unit with tenants already in place, cash flowing, and a low tax basis that's hard to find for under $500k in St. Paul!
Data room Cliquez ici pour accéder à
Bilan financier (Réel - 2025) Cliquez ici pour accéder à |
Annuel | Annuel par m² |
|---|---|---|
| Revenu de location brut |
$99,999
|
$9.99
|
| Autres revenus |
-
|
-
|
| Perte due à la vacance |
-
|
-
|
| Revenu brut effectif |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Frais d’exploitation |
$99,999
|
$9.99
|
| Total des frais |
$99,999
|
$9.99
|
| Résultat net d’exploitation |
$99,999
|
$9.99
|
Bilan financier (Réel - 2025) Cliquez ici pour accéder à
| Revenu de location brut | |
|---|---|
| Annuel | $99,999 |
| Annuel par m² | $9.99 |
| Autres revenus | |
|---|---|
| Annuel | - |
| Annuel par m² | - |
| Perte due à la vacance | |
|---|---|
| Annuel | - |
| Annuel par m² | - |
| Revenu brut effectif | |
|---|---|
| Annuel | $99,999 |
| Annuel par m² | $9.99 |
| Taxes | |
|---|---|
| Annuel | $99,999 |
| Annuel par m² | $9.99 |
| Frais d’exploitation | |
|---|---|
| Annuel | $99,999 |
| Annuel par m² | $9.99 |
| Total des frais | |
|---|---|
| Annuel | $99,999 |
| Annuel par m² | $9.99 |
| Résultat net d’exploitation | |
|---|---|
| Annuel | $99,999 |
| Annuel par m² | $9.99 |
Informations sur l’immeuble
| Prix | 409 863 € | Style d’appartement | De faible hauteur |
| Prix par lot | 102 466 € | Classe d’immeuble | C |
| Type de vente | Investissement | Surface du lot | 0,05 ha |
| Taux de capitalisation | 7,03 % | Surface de l’immeuble | 372 m² |
| Condition de vente | 1031 Exchange | Occupation moyenne | 100% |
| Nb de lots | 4 | Nb d’étages | 2 |
| Type de bien | Immeuble residentiel | Année de construction | 1988 |
| Sous-type de bien | Appartement | Ratio de stationnement | 0,09/1 000 m² |
| Zonage | H-1 - Residential District | ||
| Prix | 409 863 € |
| Prix par lot | 102 466 € |
| Type de vente | Investissement |
| Taux de capitalisation | 7,03 % |
| Condition de vente | 1031 Exchange |
| Nb de lots | 4 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Surface du lot | 0,05 ha |
| Surface de l’immeuble | 372 m² |
| Occupation moyenne | 100% |
| Nb d’étages | 2 |
| Année de construction | 1988 |
| Ratio de stationnement | 0,09/1 000 m² |
| Zonage | H-1 - Residential District |
Lot informations sur la combinaison
| Description | Nb de lots | Moy. loyer/mois | m² |
|---|---|---|---|
| 1+1 | 2 | 795,57 € | 63 |
| 2+1 | 2 | 1 067 € | 74 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Taxes foncières
| Numéro de parcelle | 09-28-22-33-0009 | Évaluation totale | 344 285 € |
| Évaluation du terrain | 69 030 € | Impôts annuels | -1 € (0,00 €/m²) |
| Évaluation des aménagements | 275 256 € | Année d’imposition | 2025 |
Taxes foncières
Numéro de parcelle
09-28-22-33-0009
Évaluation du terrain
69 030 €
Évaluation des aménagements
275 256 €
Évaluation totale
344 285 €
Impôts annuels
-1 € (0,00 €/m²)
Année d’imposition
2025
Contacts
-
Nate Schammel -
Zach Burnside -
Luke Hermanson -
David Dirkers -
MRG Realty Partners
1 sur 32
Vidéos
Visite extérieure 3D Matterport
Visite 3D
Photos
Street view
Rue
Carte
1 sur 1
Présenté par
Belvidere Flats | 485 Belvidere St E
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