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1702 Laurel Avenue
St Paul, MN 55104
Asking Price
$1.55M
Cap Rate
6.25%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Fantastic Merriam Park 13 Unit <p>Near perfect 13 unit with the pride of long term ownership. 12 - 1 bedroom units and 1 - 2 bedroom unit with significant upgrades. Immaculate Kitchens and baths, all renovated since 2019. The roof and boiler are new in 2020. Many long term residents and almost zero vacancy.</p><p></p><p></p>
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NOI
$80,000
Cap Rate
5.16%
DSCR
0.87
Underwater
Cash-on-Cash
-2.59%
Monthly Payment
$7,668.554
Annual Cash Flow
$-12,022.651
