WilliamRobert is pleased to present for sale this 17 unit apartment building in the St. Paul East Side neighborhood.

 This 17 unit building was built in 1962. It has been very well maintained by professional management with long term ownership. 1807 Stillwater feels like home once you enter the front door of the building. The pride from owner, manager and resident is obvious. The attention put into presentation and maintenance of the building is excellent.

Everything in this building was done “right.” From the roof to the windows you’ll appreciate how the owner has invested with pride. The East Side of St. Paul sometimes comes with a negative image. But this building is on the far East side and nearly in Maplewood. It operates like all the suburban buildings in the area as it is clean and quiet. You’ll love the building and the residents.

The one challenge with this building is the rents are significantly below market. St. Paul rent control does allow an owner to appeal for higher rent increases and has been approving all applicants up to 8% so far.

This asset is priced to work as-is, but has significant upside potential already available to the buyer.