643 Cleveland S Ave Saint Paul, MN 55116-1245
- Apartment buildings
- 7,104 SF
- 0.12 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 643 Cleveland S Ave
- Year built
- 1959
- Construction
- WOOD FRAME
- Lot size
- 0.12 lot acres
- Property size
- 7,104 SF
- Zone code
- H
- Property type
- Apartment buildings
- APN
- 08-28-23-44-0076
- APU
- 82823440076
Description
This exceptional investment opportunity presents two charming, three-story brownstone apartment buildings located at 643 and 647 Cleveland Avenue South in Saint Paul, Minnesota, 55116. The property consists of 22 units in a Class B building constructed in 1959, situated on a 0.248-acre lot. The asking price is $2,500,000, translating to $113,636 per unit. The buildings boast 14 dedicated parking spaces, supplemented by ample street parking, ensuring convenient parking for residents. Security features contribute to a well-maintained environment. The property is zoned for residential use and offers a compelling cash-flowing opportunity with significant value-add potential. Its prime location provides easy access to Highland Village, a vibrant shopping destination, just a five-minute walk away. The surrounding area is rich in amenities, including fine dining, fast-casual restaurants, retail shops, residential neighborhoods, offices, and universities, contributing to high occupancy rates and strong rental demand. This is an ideal investment for those seeking a well-positioned multifamily property in a thriving urban setting.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Saint Paul
- County
- Ramsey
- State
- Minnesota
- Longitude
- -93.1878
- Latitude
- 44.9221
- CBSA code
- 33460
- CBSA name
- MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
