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394 Pierce St
Saint Paul, MN 55104 Merriam Park East

Price Upon Request

Apartments For Sale  •  5,692 SF

Property Details

  • Property Type Apartments
  • Total Building Size 5,692 SF
  • Lot Size 0.16 AC
  • Building Class C
  • Year Built 1958
  • Zoning RM2
60 Transit Score
60 Walk Score

Highlights

Simple late 1950s brick walk up, one unit type across two levels, easy to operate and easy to underwrite
Utility chargebacks already in place, tenants reimburse water, sewer and trash, keeping the owner expense load light
A couple of units updated with the balance in original condition, rent upside through standard unit turns, not a full repositioning
?Respectable proposals from qualified, verified buyers will be considered as received, seller favors clean terms with certainty of close
7 one bedroom units at $565,000, roughly $80,700 per door, priced below the seller's 2022 purchase price of $575,000

Property Flyers

Amenities

  • Laundry Facilities

Public Transportation

Commuter RailDriveWalkDistance
10 min - 5.0 mi
Target Field Station (Northstar Corridor - Northstar Commuter Rail) 15 min - 6.9 mi
AirportDriveWalkDistance
Minneapolis-St Paul International/Wold-Chamberlain 18 min - 7.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 6
Type: Surface
Included in Rent: Yes
Nate Schammel 651-955-4255 MRG Realty Partners
Nate Schammel 651-955-4255 MRG Realty Partners