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Summit-University Multifamily Portfolio

Summit-University Multifamily Portfolio

865 Hague AveĀ  /

Property Details

Price:
Property Type Multifamily
Year Built: 1888
Number of Units: 32
County: Ramsey

Description

Summit University neighborhood of St. Paul. Built between 1888 and 1913, this value-add portfolio offers spacious units and historic charm. The portfolio is comprised of: (8) Efficiency units, (6) one-bedroom units, (8) one-bedroom + den units, (8) three-bedroom units, and (2) four-bedroom units. The properties were last updated in the 80's and 90's, during which 10 units were turned into large 2-story apartments. With one exception, all buildings have been converted to circuit breakers. Conveniently located, residents enjoy access to all St. Paul has to offer including Concordia University and the University of St. Thomas, restaurants, parks, trails, highways, local schools, and more.

Location

Summit-University is a neighborhood in Saint Paul, Minnesota, United States, that stretches roughly from University Avenue in the north, Lexington Parkway to the west, Summit Avenue to the south and to the east along John Ireland Boulevard, Kellogg Boulevard and Marion Street. The neighborhood was settled in the 1880s and 1890s with duplexes and apartment buildings settled alongside mansions. Early development of the area was limited due to the steep slopes of Summit and Ramsey hills. By the 1880s a portion of Summit-University had become a premier neighborhood in Saint Paul, after streetcar service made it accessible. The whole area was predominately residential. Neighborhood stores were located along the streetcar routes but little industry intruded.

Highlights

  • Great St. Paul Locations
  • Historic Charm
  • Huge Rent Upside
  • One and Two-Story Floor Plans
  • Balconies on Select Units
  • Laundry Facilities On-site
  • Cable/ High Speed Internet Available
  • Water, Trash, Heat and Sewer Included with Residency
  • Tenants Pay Electric
  • Off-Street Parking
  • Secured Entrances
  • Easy access to I-94

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