Property Listing
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 structure—a 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.
Property Information
Status: Active
Sub Type: ********
List Price: $810,000
MLS#: 7105907
Current Price: $810,000
Address: ********
City: Saint Paul
State: MN
Postal Code: 55104
Geo Lat: ********
Geo Lon: ********
Subdivision: Hamline Syndicate Add, No3
County: Ramsey
Property Description
Year Built: 1911
Lot Size SqFt: 4356
Gen Tax: 12250
Specials Inst: 0
High School: St. Paul
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Below Grade Finished Area: ********
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Style: ********
Total Bedrooms: 13
Total Bathrooms: 9
Total Full Baths: ********
Garage Type:
Garage Stalls: 2
Waterfront:
Property Features
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