Listed By
Agency Name: Financially Free, LLC
Agency Phone: 612-559-0150
Shown By
Agent Name: Jan Wentland
Agent Phone: (612) 791-8260
Agency Title: Counselor Realty
Property 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.
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1563 Charles Avenue , Saint Paul, MN 55104
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1563 Charles Avenue , Saint Paul, MN 55104
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Agency License Information: Counselor Realty, Inc. is licensed in Minnesota and Wisconsin; Counselor Realty, Inc. of Alexandria is licensed in Minnesota; Counselor Realty Detroit Lakes, LLC is licensed in Minnesota; Counselor Realty of Rochester is licensed in Minnesota; Counselor Realty of Victoria, LLC is licensed in Minnesota; Counselor Realty of Brainerd is licensed in Minnesota.
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1563 Charles Avenue | MLS# 7105907
This commercial property located at 1563 Charles Avenue , Saint Paul, MN 55104 is currently listed for sale with an asking price of $810,000. Charles Avenue is located within the St. Paul school district. Search Saint Paul real estate on www.janwentland.com today.