Edmund & Charles Portfolio 2 Multifamily Properties Offered at $2,076,870 CAD in Saint Paul, MN
INVESTMENT HIGHLIGHTS
- Meticulously maintained
- Below Market Rents
- Recent Capital Expenditures
- Favorable location
EXECUTIVE SUMMARY
The Edmund & Charles Portfolio (17-units) offers a unique opportunity to acquire two adjacent properties in the Midway neighborhood.
These assets have undergone significant capital expenditures in the last few years, including roofs, stucco exteriors, and parking lot resurfacing—all in 2022.
Substantial upside exists through optimized operations, underutilized storage, and adjusting in-place rents to meet proven market potential.
These assets have undergone significant capital expenditures in the last few years, including roofs, stucco exteriors, and parking lot resurfacing—all in 2022.
Substantial upside exists through optimized operations, underutilized storage, and adjusting in-place rents to meet proven market potential.
PROPERTY FACTS
| Price | $2,076,870 CAD |
| Price / SF | $178.03 CAD / SF |
| Cap Rate | 7% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 11,666 SF |
| Total Land Area | 0.26 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 1562 Edmund Ave, Saint Paul, MN 55104 | Multifamily | 6,500 SF | 1913 | - |
| 1563 Charles Ave, Saint Paul, MN 55104 | Multifamily | 5,166 SF | 1911 | - |
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