1631 Charles Ave - Apartments FOR SALE


Saint Paul, MN 55104- Hamline-Midway
$1,449,000 USD
651-263-3653
1631 Charles Ave, Saint Paul, MN for Sale
$1,449,000 USD
Apartments - FOR SALE
1/8
null | 6.87% Cap Rate

1631 Charles Ave
Saint Paul, MN 55104
Hamline-Midway


HIGHLIGHTS

  • ALL BRICK EXTERIOR WITH GREAT CLASSIC CURB APPEAL
  • NEWER WINDOWS THROUGHOUT THE ENTIRE BUILDING!!
  • NEWER HOT WATER BOILER SERVICES ALL APARTMENTS
  • RESIDENTS PAY THEIR OWN ELECTRIC BILL

OVERVIEW

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 - 6.87% Cap Rate!!

FOR SALE DETAILS

PRICE

$1,449,000 USD

PRICE/SF

$141 USD /SF

# OF UNITS

15

PRICE/UNIT

$96,600

CAP RATE

6.87%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Charles Place

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

RM2

APN/PARCEL ID

33-29-23-14-0039

ASK ABOUT THIS PROPERTY

Nathan OpatzApartment Cash Flow, IncMore Info
651-263-3653

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Nathan OpatzApartment Cash Flow, IncMore Info
651-263-3653

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.