1631 Charles AVE Active Save Request In-Person Tour Request Virtual Tour
Saint Paul,MN 55104
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
Lot Size 7,405 Sqft
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. A newer Lochinvar Knight hot water boiler system was installed in 2012 and newer water heaters in 2010. The whole building received newer Andersen Series 100 windows in 2018. Electrical panels to each unit are on 60-amp breakers. All units are currently occupied and leased and ready for new owners to take over!! Stabilized with zero delinquencies and a current in place 7.32% Cap Rate!!
Location
State MN
County Ramsey
Zoning Residential-Multi-Family
Interior
Heating Boiler,Hot Water
Cooling Window Unit(s)
Inclusions Building,Land,Leases,Rental License
Exterior
Parking Features On-Street Parking Only
Utilities Available Electric Separate,Heating Common,Hot Water Common
Roof Type Age Over 8 Years,Flat
Building
Lot Description Some Trees
Story Three Or More
Foundation 3420
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Brick/Stone
Schools
School District St. Paul