1631 Charles AVE Active Save Request In-Person Tour Request Virtual Tour
Saint Paul,MN 55104
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 7,405 sqft
Price per Sqft $188
Subdivision Stierle, Mcconville &, Seegers
MLS Listing ID 6739015
Year Built 1940
Annual Tax Amount $24,792
Lot Size 10,260 Sqft
Property Description
Charles Place apartments presents a unique value-add investment opportunity right in the heart of Saint Paul within walking distance to the newly built Allianz Stadium where the MN United soccer team plays! This whole Merriam Park neighborhood currently is in an opportunity zone and is getting transformed into a trendy and upscale destination. Take advantage of this opportunity to acquire 15 units, all-brick exterior, built in 1940 with original oak hardwood flooring and original doors and plaster coved ceilings. All units are currently occupied and leased and ready for new owners to take over!! Stabilized with zero delinquencies - 7.11% Cap Rate!!
Location
State MN
County Ramsey
Community Stierle, Mcconville &, Seegers
Zoning Residential-Multi-Family
Interior
Heating Boiler,Hot Water
Cooling Window Unit(s)
Flooring Wood
Exterior
Utilities Available Electric Separate,Heating Common,Hot Water Common
Roof Type Age Over 8 Years,Flat
Building
Lot Description Tree Coverage - Light
Foundation 8 ft Pour
Water City Water/Connected
Structure Type Brick