St. Paul Portfolio

Michel Commercial is pleased to present a two-property portfolio in St. Paul, consisting of 62 apartment homes. Both properties boast a history of strong occupancy and feature a desirable mix of studio, one-bedroom, and two-bedroom homes. Residents enjoy on-site laundry facilities, dishwashers (in the two-bedroom homes) and the convenience of both garage and surface parking. The 44 Arlington and 578 Galtier Apartments, being sold by long-time owners, can be sold together or separately. The 44 Arlington and 578 Galtier Apartments are conveniently located in the heart of St. Paul, MN. Just a short distance from the bustling downtown area, residents enjoy easy access to the city’s vibrant community center, library, and primary shopping districts. The properties are situated only a few miles from the state capitol and the scenic banks of the Mississippi River. This prime location offers residents quick access to major highways, including Interstates 94 and 35E, providing the perfect blend of urban convenience and natural beauty. This St. Paul portfolio has been well-cared for and is poised for continued rent growth through interior upgrades, in line with the rent control ordinance. With their convenient locations, wellmaintained conditions, and rental upside potential, the 44 Arlington and 578 Galtier Apartments present an attractive investment opportunity.

St. Paul, Minnesota, is the capital city of the state and is known for its vibrant corporate presence, strong business community, quality education and healthcare institutions, and proximity to numerous employers. Here’s an overview of each of these aspects: Corporate Presence: St. Paul has a significant corporate presence with a diverse range of industries. The city is home to several large corporations, including 3M, Ecolab, Securian Financial, and Patterson Companies. These companies contribute to the city’s economic growth and provide employment opportunities. Business Community: St. Paul has a thriving business community that fosters entrepreneurship and innovation. The city supports local businesses through organizations like the St. Paul Area Chamber of Commerce, which provides resources, networking opportunities, and advocacy for businesses. The business community is known for its collaborative nature and support for economic development initiatives. Healthcare: St. Paul has renowned healthcare facilities such as Regions Hospital, United Hospital, and Children’s Minnesota, providing high-quality medical services to residents. Excellent Education: St. Paul boasts excellent education and healthcare institutions. The city is home to the University of St. Thomas, Hamline University, and several other colleges and universities that offer a wide range of academic programs. Proximity to Employers: St. Paul’s location within the greater Minneapolis-Saint Paul metropolitan area offers proximity to numerous employers. The Twin Cities region is known for its diverse job market, with opportunities in sectors such as healthcare, finance, technology, manufacturing, and more. Commuting between St. Paul and neighboring Minneapolis is convenient, allowing residents to access a wide range of employment options. Overall, St. Paul, MN, offers a favorable environment for businesses, a strong educational foundation, access to quality healthcare, and proximity to a diverse range of employers.These factors contribute to the city’s appeal for professionals, students, and entrepreneurs seeking a dynamic and well-rounded community.