Listed By
Agency Name: Coldwell Banker Realty
Agency Phone: 651-698-2481
Shown By
Agent Name: Jerry Ritten
Agent Phone: (763) 557-6300
Agency Title: Counselor Realty
These properties are investor-only and cannot be owner-occupied. **Phase 3 includes: 696 Hawthorne Ave, 686 Bradley St, 697 Cook Ave, 856 Burr Ave, 982 Burr Ave, & 732 Jessamine Ave.** This offering represents one of five phases within a larger portfolio. Properties within each phase must be sold together. Investors may acquire individual phases, multiple phases, or the entire portfolio as a single acquisition. As a full portfolio, the offering consists of 17 properties and 35 residential units located throughout Saint Paul. All properties participate in the NSP program with affordability covenants in place through August 2028, providing stable, AMI-based income at 50% AMI with a clear path to increased rents at 60% AMI upon program maturity. The portfolio is comprised primarily of duplex-style assets with larger unit configurations, strong occupancy history, and consistent cash flow. Operational advantages include reduced property taxes through 4D classification and exemption from Saint Paul rent stabilization enforcement. Ideal for investors seeking predictable income, operational stability, and long-term upside through structured rent growth & scalable acquisition opportunities.
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696 Hawthorne Avenue E | MLS# 7066845
This commercial property located at 696 Hawthorne Avenue E, Saint Paul, MN 55106 is currently listed for sale with an asking price of $1,500,000. Hawthorne Avenue E is located within the St. Paul school district. Search Saint Paul real estate on jritten.counselorrealty.com today.