Rooftop252
252 Marie Ave E West Saint Paul / Minnesota
Property Details
Description
Location
Highlights
3.72% Assumable Financing
Acquire the property with attractive below-market assumable debt featuring a 3.72% interest rate and more than six years remaining, creating an immediate financing advantage and enhancing cash flow.
Additional Revenue Opportunity
Underground parking is currently included in rent, providing the next owner with the opportunity to introduce a separate parking fee and generate additional ancillary income while remaining competitive within the market.
Differentiated Amenity Package
Rooftop252 offers a unique resident experience with an expansive rooftop amenity deck featuring an indoor lounge, outdoor grilling stations, a solar pergola, community garden plots, and an off-leash “Wooftop” dog park, helping distinguish the property from competing communities.
Large, Loft-Style Floor Plans
The property features spacious apartment homes averaging 857 square feet, including eight two-story loft residences exceeding 1,350 square feet, providing a product rarely seen in the West St. Paul market.
Benefits of Newer Construction
Constructed in 2019, Rooftop252 offers investors the advantages of modern construction, including reduced near-term capital expenditure requirements and the benefit of remaining roof and solar panel warranties.
