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Properties listed in St. Paul

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Michel Commercial is pleased to present a two-property portfolio in St. Paul, consisting of 62 apartment homes. Both properties boast a history of strong occupancy and feature a desirable mix of studio, one-bedroom, and two-bedroom homes. Residents enjoy on-site laundry facilities, dishwashers (in the two-bedroom homes) and the convenience of both garage and surface parking. The 44 Arlington and 578 Galtier Apartments, being sold by long-time owners, can be sold together or separately. The 44 Arlington and 578 Galtier Apartments are conveniently located in the heart of St. Paul, MN. Just a short distance from the bustling downtown area, residents enjoy easy access to the city’s vibrant community center, library, and primary shopping districts. The properties are situated only a few miles from the state capitol and the scenic banks of the Mississippi River. This prime location offers residents quick access to major highways, including Interstates 94 and 35E, providing the perfect blend of urban convenience and natural beauty. This St. Paul portfolio has been well-cared for and is poised for continued rent growth through interior upgrades, in line with the rent control ordinance. With their convenient locations, wellmaintained conditions, and rental upside potential, the 44 Arlington and 578 Galtier Apartments present an attractive investment opportunity.
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The Groveland Terrace Apartments is an 18-unit property located on the prestigious Grand Avenue in St. Paul, MN. This well-maintained property offers a desirable mix of spacious one- and two-bedroom apartments, featuring on-site laundry and coveted off-street parking. Residents also enjoy easy access to nearby walking and biking trails, making it a perfect location for an active, urban lifestyle. Situated in the highly sought-after Macalester-Groveland neighborhood, the property is within walking distance of a Metro Transit Route 63 bus stop, along with numerous restaurants and shops. It is less than a mile from both Macalester College and the University of St. Thomas, and just a mile from the nearest Green Line stop on University Avenue. Conveniently located, the Groveland Terrace Apartments is five miles from downtown St. Paul and seven miles from central Minneapolis, offering easy access to both cities. Residents also benefit from proximity to Interstates 94 and 35E, ensuring excellent regional connectivity. With a strong track record of high occupancy and solid in-place income, the Groveland Terrace Apartments offers reliable and predictable returns, making it an attractive investment in a prime location.
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