Fairview Flats
107 & 115 Fairview Ave North St Paul
Executive Summary
MRG Realty Partners is pleased to present Fairview Flats a 12-unit, extensively improved multifamily asset generating $192,000 in total income.The property consists of 10 two-bedroom units and 2 studios, plus three heated tuck-under garages.
The asset has been fully converted to RUBS, enhancing expense recovery and income stability. Significant recent capital improvements include a full roof replacement (25-year warranty), masonry and exterior restoration, concrete and landscaping upgrades within the last year, and extensive interior updates including mechanical systems, kitchens, bathrooms, and common areas throughout the last 10 years.
With stabilized operations and substantial reinvestment completed, this offering represents a true turnkey investment opportunity.
Recent Capital Improvements (Within the last year)
Fairview Flats Summary
| Occupancy | 100% |
| Unit Count | 12 |
| Unit Type | 8-2BR Main Units, 2-2BR Garden level units,, 2-Efficiencies w/shared bath |
| Parking | On Street Parking |
| Garages | 3 Car Attached Garage |
| Year Built | 1916 |
| Heat Type | 2010 Hot Water Boiler |
| Roof/ Shingles | 2025 (25 year warranty) |
| County | Ramsey |
| Legal Description | Lot 7, Block 6, Merriam Park 3rd Addition |
| PID | 042823240048 |
| Land Area | .18 Acres |
Floorplans
