1563 Charles Avenue,Saint Paul, MN 55104
Saint Paul, MN 55104
Description
563 Charles Avenue offers an exceptional multifamily investment featuring a stable, cash-flowing operational foundation with immediate built-in upside. Priced at $810,000, this 9-unit apartment asset delivers an incredibly rare entry-level basis of just $90,000 per door in St. Paul’s resilient Hamline-Midway submarket. Boasting a strong historical occupancy profile, the building is currently 8/9 occupied, presenting buyers with the perfect mix of day-one cash flow and immediate lease-up potential. All tenants but pay for gas and electric, with the exception of one unit only paying electric. Spanning 5,620 square feet of rentable area, the property is characterized by easy-to-manage, practical layouts that consistently appeal to the neighborhood's deep pool of student and workforce renters. A massive competitive advantage for this asset is the inclusion of a 2-stall detached garage structurea highly prized luxury during Minnesota winters that gives management a distinct edge in tenant retention and extra monthly cash flow. Shared coin-operated laundry infrastructure further supplements the building’s strong baseline revenue.
Details
| MLS # | 7105907 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1911 |
| Days On Site | 45 |
| Listing Provided By | Financially Free, LLC | Alexandra Haider |
Features
| Bed(s) | 13 |
|---|---|
| Bath(s) | 9 |
| Garage | 2 |
| Basement | Y |
| Story(s) | 2 |
| Units | 9 |
| Zoning | Residential-Multi-Family |
| Acreage | 0.11 |
Interior
| Heating | Boiler |
|---|
Exterior
| Roof | Asphalt, Flat |
|---|
Parking
| Parking Features | On-Street Parking Only |
|---|
Utilities
| Utilities | Electric Separate |
|---|
Taxes
| Property | 12250 |
|---|
Area Information
| State | MN |
|---|---|
| County | Ramsey |
| City | Saint Paul |
| Zip Code | 55104 |
| Area | 93 |
| Community Name | Hamline Syndicate Add, No3 |
| School District | 625 |
| High School | St. Paul |
| Listing VS Median (in Hamline Syndicate Add, No3) | |
Price: $810,000 low | high Med: $0 On site: 45 low | high Med: | |
Market Activity 55104
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Listings courtesy of Northstar MLS as distributed by MLS GRID.
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Learn More About This Property
| State | MN |
|---|---|
| County | Ramsey |
| City | Saint Paul |
| Zip Code | 55104 |
| Area | 93 |
| Community Name | Hamline Syndicate Add, No3 |
| School District | 625 |
| High School | St. Paul |
| Listing VS Median (in Hamline Syndicate Add, No3) | |
Price: $810,000 low | high Med: $0 On site: 45 low | high Med: | |
