1631 Charles AVE, Saint Paul, MN 55104 - MLS#6739015

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Nick Leavy

nick@ermetro.com +1(612) 236-5331

$1,395,000

Est. payment - /mo

7,405 Sqft Lot

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UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Stierle, Mcconville &, Seegers

MLS Listing ID 6739015

Year Built 1940

Annual Tax Amount $24,792

Tax Year 2025

Contingent None

Lot Size 7,405 Sqft

Acres 0.17

Lot Dimensions 50 x 120

Property Sub-Type Apartment

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

Zoning Residential-Multi-Family

Rooms

Basement Daylight/Lookout Windows, Finished, Full, Concrete, Partially Finished

Interior

Heating Boiler, Hot Water

Cooling Window Unit(s)

Inclusions Building, Land, Leases, Rental License

Fireplace No

Appliance Range, Refrigerator

Exterior

Parking Features On-Street Parking Only

Utilities Available Electric Separate, Heating Common, Hot Water Common

Roof Type Age Over 8 Years,Flat

Present Use Residential

Building

Lot Description Some Trees

Story Three Or More

Foundation 3420

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Three Or More

Structure Type Brick/Stone

Schools

School District St. Paul

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Listed by Nathan Opatz • Apartment Cash Flow, Inc.

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