Listed By
Agency Name: Minnesota Realty Guide, LLC
Agency Phone: 651-336-1035
Shown By
Agent Name: Slava Daskalyuk
Agent Phone: (763) 957-0824
Agency Title: Counselor Realty
Property Description
A rare chance to acquire a modern, fully occupied multifamily building (built 2004) in Saint Paul with strong, immediate positive cash flow and built-in upside potential. Price includes adjacent, vacant lot at 1020 Ross Ave, which currently serves as tenant green space and garden.5 rented units currently generating income ? all units are leased with long-term, reliable tenants in place, providing stable monthly cash flow from day one. Proven performer: The building is in excellent condition for its age, with identical or near-identical layouts (most units ~1,000 sq ft, 2 bed/1 bath), minimizing maintenance surprises and appealing to a wide tenant pool.Significant value-add opportunity: Configure and add a sixth unit to boost rental income and overall NOI substantially ? ideal for an investor looking to increase returns through light renovations or reconfiguration (buyer to verify feasibility with city permitting).Modern construction advantages: Built in 2004 (6,048 sq ft total), offering lower capex compared to older properties, better energy efficiency, and stronger tenant retention.Prime East Side location: Convenient access to amenities, employment centers, transit, and downtown Saint Paul, supporting consistent occupancy and rent growth potential in a steadily appreciating market.This property delivers immediate positive cash flow from 5 occupied units while offering clear upside to add a sixth unit for enhanced yields. Fully turnkey with tenants in place ? perfect for portfolio expansion.
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1024 Ross Avenue , Saint Paul, MN 55106
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1024 Ross Avenue , Saint Paul, MN 55106
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Agency License Information: Counselor Realty, Inc. is licensed in Minnesota and Wisconsin; Counselor Realty, Inc. of Alexandria is licensed in Minnesota; Counselor Realty Detroit Lakes, LLC is licensed in Minnesota; Counselor Realty of Rochester is licensed in Minnesota; Counselor Realty of Victoria, LLC is licensed in Minnesota; Counselor Realty of Brainerd is licensed in Minnesota.
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1024 Ross Avenue | MLS# 7036265
This commercial property located at 1024 Ross Avenue , Saint Paul, MN 55106 is currently listed for sale with an asking price of $634,000. Ross Avenue is located within the St. Paul school district. Search Saint Paul real estate on slava.counselorrealty.com today.