1693 Sherburne | Hamline Midway 18 Unit Value-Add for Sale

The Hamline-Midway neighborhood in Saint Paul is a dynamic and rapidly evolving area with a prime central location. Just blocks from Allianz Field, home to Minnesota United FC, the neighborhood is set to benefit from the transformative $160 million United Village development, which will introduce new commercial, residential, and recreational spaces. Transportation is exceptionally convenient, with the light rail and University Avenue bus line offering seamless access to the Twin Cities. The area is also highly walkable and bike-friendly, with a mix of local businesses, restaurants, and cultural attractions along University Avenue. Nearby parks such as Newell Park and Como Park provide green spaces and recreational opportunities, enhancing the community's livability. With its vibrant atmosphere and strategic location, Hamline-Midway is poised for continued growth and development.Discover an exceptional investment opportunity with this meticulously maintained 18-unit apartment building. Priced to sell at under $89,000 per door, this property offers immediate value and long-term potential. The building will be 100% occupied by March, ensuring consistent cash flow from day one. Situated in a prime location just blocks from Allianz Field, this property is perfectly positioned to benefit from the $160 million "United Village" development project—a transformative plan set to enhance the area and significantly impact property values. Additionally, it’s just one block from the light rail and University Avenue bus line, providing unparalleled access to transportation and city amenities. Many units are currently rented below market rate, presenting a tremendous value-add opportunity. Investors can unlock further potential by upgrading kitchens and bathrooms in select units. Don’t miss your chance to own this well-cared-for property in a highly desirable and rapidly growing area.