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Multifamily HUD

1447 7th St E

1447 7th St E, Saint Paul, MN 55106

Listing Price: Request For Offer

Number of Units
11

Investment Overview

Marcus & Millichap is pleased to announce the exclusive listing of the Wilcox Portfolio, consisting of five properties totaling 59 units. All five properties are located in Saint Paul, Minnesota and are all within a 3.3-mile radius. Three of the properties are located within the Greater East Side Neighborhood and two are located within the Payne-Phalen Neighborhood. These properties are being offered for sale on a free-and-clear basis. The Greater East Side neighborhood is the second district of Saint Paul and is among the city’s most populous and diverse neighborhoods. It is known for its cuisine and culture, being dubbed as “Saint Paul’s Eat Street”. 1447 7th Street E, 1651 7th Street E, and 1721 7th Street E are all situated within the Greater East Side neighborhood and benefit from being located on such a buzzing and vibrant street. Residents at these apartments can take advantage of the many shops, restaurants, schools, and parks nearby. Less than 1 mile away sits the Speedway Gas Station (0.3 miles), the United States Post Office (0.6 miles), and Harding High School (0.8 miles). Less than 2 miles away sits Hazel Park Recreation Center (1.2 miles), Wells Fargo Bank (1.2 miles), and Ames Lake Park (1.5 miles). Built in 1958, 1447 7th Street E is an 11-unit apartment building featuring 11 two-bedroom / one-bathroom units at 750 square feet. Management has replaced the roof within the last 8 years, updated the parking lot within the last year, and installed interior and exterior security cameras. Some bathrooms have been fully remodeled and appliances have been updated as needed throughout all units. 1651 7th Street E, constructed in 1962, is an 11-unit apartment building featuring 11 one-bedroom / one-bathroom units at 575 square feet and 2 total garages. Laundry is on-site and has been updated within the last two years. The roof has been replaced within the last 8 years. Appliances and carpet have been updated as needed. Built in 1964, 1721 7th Street E is an 11-unit apartment complex with 4 total garage stalls. The unit mix features 10 one-bedroom / one-bathroom units at 550 square feet and 1 two-bedroom / one bathroom unit at 700 square feet. Management has replaced the roof within the last 5 years and some of the units have been updated. Laundry is on-site, and appliances and carpet have been updated as needed. 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”. 905 Westminster Street and 1074 Arkwright Street are both located in the Payne-Phalen neighborhood and are two blocks from one another. Residents are near Phalen Boulevard and Payne Avenue, which feature many restaurants, health care centers, and businesses. Less than 1 mile from 905 Westminster Street sits Saint Paul Specialty Clinic (0.4 miles), HealthPartners Center for Memory and Aging (0.7 miles), and HealthPartners Neuroscience Center (0.7 miles). Less than 2 miles away sits Eastside Heritage Park (1.0 miles), Saint Paul Brewing (1.3 miles), and Carbone’s Pizzeria (1.9 miles). Built in 1965, 905 Westminster Street is a 15-unit apartment complex with 15 total garages. The unit mix consists of 4 one-bedroom / one-bathroom units at 550 square feet, 8 two-bathroom / one-bathroom units at 850 square feet, and 3 three-bedroom / one-bathroom units at 950 square feet. Management has replaced some kitchen appliances within the last year and has installed exterior security cameras. One unit has been fully remodeled and common-area carpet has been replaced within the last 7 years. Laundry is located on-site. Constructed in 1960, 1074 Arkwright Street is an 11-unit apartment building with 6 total garage stalls. The unit mix features 11 two-bedroom / one-bathroom units at 750 square feet. Laundry machines have been updated within the last year and some windows have been replaced in the last 7 years. The common-area carpet has also been replaced within the last 7 years, and appliances and carpet have been updated as needed throughout all units.

Investment Highlights

  • Self-Managed | Pride of Ownership Assets | Well-Maintained
  • On-Going Updates to Units & Capital Improvements
  • 4(d) Tax Classification – Affordable Housing Incentive Program

Exclusively Listed By

Financing By

Listing Price: Request For Offer

Number of Units
11

Investment Highlights

  • Self-Managed | Pride of Ownership Assets | Well-Maintained
  • On-Going Updates to Units & Capital Improvements
  • 4(d) Tax Classification – Affordable Housing Incentive Program

Investment Overview

Marcus & Millichap is pleased to announce the exclusive listing of the Wilcox Portfolio, consisting of five properties totaling 59 units. All five properties are located in Saint Paul, Minnesota and are all within a 3.3-mile radius. Three of the properties are located within the Greater East Side Neighborhood and two are located within the Payne-Phalen Neighborhood. These properties are being offered for sale on a free-and-clear basis. The Greater East Side neighborhood is the second district of Saint Paul and is among the city’s most populous and diverse neighborhoods. It is known for its cuisine and culture, being dubbed as “Saint Paul’s Eat Street”. 1447 7th Street E, 1651 7th Street E, and 1721 7th Street E are all situated within the Greater East Side neighborhood and benefit from being located on such a buzzing and vibrant street. Residents at these apartments can take advantage of the many shops, restaurants, schools, and parks nearby. Less than 1 mile away sits the Speedway Gas Station (0.3 miles), the United States Post Office (0.6 miles), and Harding High School (0.8 miles). Less than 2 miles away sits Hazel Park Recreation Center (1.2 miles), Wells Fargo Bank (1.2 miles), and Ames Lake Park (1.5 miles). Built in 1958, 1447 7th Street E is an 11-unit apartment building featuring 11 two-bedroom / one-bathroom units at 750 square feet. Management has replaced the roof within the last 8 years, updated the parking lot within the last year, and installed interior and exterior security cameras. Some bathrooms have been fully remodeled and appliances have been updated as needed throughout all units. 1651 7th Street E, constructed in 1962, is an 11-unit apartment building featuring 11 one-bedroom / one-bathroom units at 575 square feet and 2 total garages. Laundry is on-site and has been updated within the last two years. The roof has been replaced within the last 8 years. Appliances and carpet have been updated as needed. Built in 1964, 1721 7th Street E is an 11-unit apartment complex with 4 total garage stalls. The unit mix features 10 one-bedroom / one-bathroom units at 550 square feet and 1 two-bedroom / one bathroom unit at 700 square feet. Management has replaced the roof within the last 5 years and some of the units have been updated. Laundry is on-site, and appliances and carpet have been updated as needed. 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”. 905 Westminster Street and 1074 Arkwright Street are both located in the Payne-Phalen neighborhood and are two blocks from one another. Residents are near Phalen Boulevard and Payne Avenue, which feature many restaurants, health care centers, and businesses. Less than 1 mile from 905 Westminster Street sits Saint Paul Specialty Clinic (0.4 miles), HealthPartners Center for Memory and Aging (0.7 miles), and HealthPartners Neuroscience Center (0.7 miles). Less than 2 miles away sits Eastside Heritage Park (1.0 miles), Saint Paul Brewing (1.3 miles), and Carbone’s Pizzeria (1.9 miles). Built in 1965, 905 Westminster Street is a 15-unit apartment complex with 15 total garages. The unit mix consists of 4 one-bedroom / one-bathroom units at 550 square feet, 8 two-bathroom / one-bathroom units at 850 square feet, and 3 three-bedroom / one-bathroom units at 950 square feet. Management has replaced some kitchen appliances within the last year and has installed exterior security cameras. One unit has been fully remodeled and common-area carpet has been replaced within the last 7 years. Laundry is located on-site. Constructed in 1960, 1074 Arkwright Street is an 11-unit apartment building with 6 total garage stalls. The unit mix features 11 two-bedroom / one-bathroom units at 750 square feet. Laundry machines have been updated within the last year and some windows have been replaced in the last 7 years. The common-area carpet has also been replaced within the last 7 years, and appliances and carpet have been updated as needed throughout all units.

Exclusively Listed By

Financing By

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