Listed By
Agency Name: Apartment Cash Flow, Inc.
Agency Phone: 651-263-3653
Shown By
Agency Title: Counselor Realty
Agency Phone: 612-405-8404
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 7.93% Cap Rate!!
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1631 Charles Avenue, Saint Paul, MN 55104
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1631 Charles Avenue, Saint Paul, MN 55104
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1631 Charles Avenue | MLS# 6739015
This commercial property located at 1631 Charles Avenue, Saint Paul, MN 55104 is currently listed for sale with an asking price of $1,275,000. Charles Avenue is located within the St. Paul school district. Search Saint Paul real estate on www.counselorrealestate.com today.