This 16-unit apartment building is an excellent prospect to add to your investment portfolio. This 1930's classic brick building offers add-value opportunity and consists of 6 studios and 10 one-bedroom apartments. Two non-conforming units offer opportunity for the creative investor. A Solid roof, newer windows, and updated electric, with a solid exterior. Conveniently located near several amenities and just blocks from the new Allianz Soccer Stadium, Green Line Train, shopping, parks, and dining, making it a perfect fit for anyone looking for a small investment opportunity with growth potential. In an designated Opportunity Zone (the Opportunity Zones program provides tax relief for investors who re-invest their unrealized capital gains into specific low-income communities.) Review the city's Master Plan for significant redevelopment. Additionally, the building is approved for the 4D Tax-reduction program and will benefit from a significant tax reduction this next calendar year.

"Based on information submitted to NORTHSTAR as of September 29, 2023 4:25 PM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing."

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Property Details of 425 Roy Street N, Merriam Park/Lexington-Hamline

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Property Details of 425 Roy Street N, Merriam Park/Lexington-Hamline

Property Details

Basic Information

Building Information

Location

Other Details

Water

Map Location

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