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

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UPDATED:

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

Acres 0.17

Lot Dimensions 50 x 120

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

Direction Snelling Ave to Charles / West to Building / on the north side of Charles

Rooms

Basement Full, Partially Finished, Poured Concrete

Interior

Heating Boiler, Hot Water

Cooling Window Unit(s)

Flooring Wood

Window Features Double Pane Windows,Insulated Windows

Exterior

Utilities Available Electric Separate, Heating Common, Hot Water Common

Roof Type Age Over 8 Years,Flat

Accessibility None

Building

Lot Description Tree Coverage - Light

Foundation 8 ft Pour

Water City Water/Connected

Structure Type Brick

Others

Senior Community No

Tax ID 332923140039

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Listed by Apartment Cash Flow, Inc.

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