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Multifamily

1015 & 1025 York Avenue Apartments

1015 York Ave, Saint Paul, MN 55106

Listing Price: Request For Offer

Number of Units
34

Investment Overview

Marcus & Millichap is pleased to announce the exclusive listing of 1015 & 1025 York Avenue, comprised of 34 units in the Payne-Phalen Neighborhood of Saint Paul, Minnesota. York Avenue Apartments are being offered for sale on a free-and-clear basis. Constructed in 1961 and 1962, 1015 & 1025 York Avenue consists of two brick buildings on two separate parcels, equaling 0.76 acres. Each building is equipped with secured entry and surveillance. Tenants have access to on-site laundry, off-street parking, and a playground for residents to enjoy. Each building has a total of seventeen units and feature six one-bedroom/one-bathroom units at 650 square feet and eleven two-bedroom/two-bathroom units at 750 square feet. The property has undergone various interior and exterior renovations to improve the asset and increase the aesthetic appeal of the property. More than half the apartments have new LVP flooring. Hallways have been updated recently with new carpet. In 1015 York, electrical infrastructure was upgraded from fuses to circuit breakers for all units as of 2014. Additional improvements include a new commercial water heater in 2017 and new double pane vinyl windows as of 2014. In 1025 York, half of the units were converted from fuses to circuit breakers in 2016. The windows are double pane aluminum frame and parking lot lighting was recently updated 2021. The Payne-Phalen neighborhood is the fifth and largest district of Saint Paul’s 17 designated neighborhoods. It is known for its old-world charm, architecture, and it’s “East Side Pride”. Residents at 1015 & 1025 York Avenue are only a few blocks from Phalen Boulevard and Arcade Street, two popular commercial corridors in the neighborhood, that feature many restaurants, schools, healthcare centers, and businesses. Less than 1 mile from 1015 & 1025 York Avenue sits Lake Elementary School (0.6 miles), East Side Family Clinic (0.7 miles), and East Side YMCA (1.0 miles). The neighborhood also includes Lake Phalen, one of the largest lakes in Saint Paul, and is situated within Phalen Regional Park System that stretches roughly 3 miles. The Park offers its residents a plethora of activities to do including, but not limited to, fishing, boating, swimming, biking, golfing, sailing, and playing hockey. No matter the time of year, the Payne-Phalen neighborhood won’t leave its residents without something to do. 1015 & 1025 York Avenue offers the next investor the opportunity to realize above market returns and the option to continue working with an Non-Profit Partner for a great cause (See next page).

Investment Highlights

  • Well-Maintained and Operated Assets
  • Ideal Unit Mix: 12-One Bed & 22-Two Bed Units
  • Secured Entry & Surveillance System

Exclusively Listed By

Multifamily

1015 & 1025 York Avenue Apartments

Investment Highlights

  • Well-Maintained and Operated Assets
  • Ideal Unit Mix: 12-One Bed & 22-Two Bed Units
  • Secured Entry & Surveillance System

Investment Overview

Marcus & Millichap is pleased to announce the exclusive listing of 1015 & 1025 York Avenue, comprised of 34 units in the Payne-Phalen Neighborhood of Saint Paul, Minnesota. York Avenue Apartments are being offered for sale on a free-and-clear basis. Constructed in 1961 and 1962, 1015 & 1025 York Avenue consists of two brick buildings on two separate parcels, equaling 0.76 acres. Each building is equipped with secured entry and surveillance. Tenants have access to on-site laundry, off-street parking, and a playground for residents to enjoy. Each building has a total of seventeen units and feature six one-bedroom/one-bathroom units at 650 square feet and eleven two-bedroom/two-bathroom units at 750 square feet. The property has undergone various interior and exterior renovations to improve the asset and increase the aesthetic appeal of the property. More than half the apartments have new LVP flooring. Hallways have been updated recently with new carpet. In 1015 York, electrical infrastructure was upgraded from fuses to circuit breakers for all units as of 2014. Additional improvements include a new commercial water heater in 2017 and new double pane vinyl windows as of 2014. In 1025 York, half of the units were converted from fuses to circuit breakers in 2016. The windows are double pane aluminum frame and parking lot lighting was recently updated 2021. The Payne-Phalen neighborhood is the fifth and largest district of Saint Paul’s 17 designated neighborhoods. It is known for its old-world charm, architecture, and it’s “East Side Pride”. Residents at 1015 & 1025 York Avenue are only a few blocks from Phalen Boulevard and Arcade Street, two popular commercial corridors in the neighborhood, that feature many restaurants, schools, healthcare centers, and businesses. Less than 1 mile from 1015 & 1025 York Avenue sits Lake Elementary School (0.6 miles), East Side Family Clinic (0.7 miles), and East Side YMCA (1.0 miles). The neighborhood also includes Lake Phalen, one of the largest lakes in Saint Paul, and is situated within Phalen Regional Park System that stretches roughly 3 miles. The Park offers its residents a plethora of activities to do including, but not limited to, fishing, boating, swimming, biking, golfing, sailing, and playing hockey. No matter the time of year, the Payne-Phalen neighborhood won’t leave its residents without something to do. 1015 & 1025 York Avenue offers the next investor the opportunity to realize above market returns and the option to continue working with an Non-Profit Partner for a great cause (See next page).

Exclusively Listed By

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