1631 CHARLES AVENUE

1631 Charles Avenue, Saint Paul, 55104, MN

FEATURES

DETAILS

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!!

INTERIOR

  • Bedrooms: N/A

  • Fin ft² / Living Area: N/A

  • Below Ground Living: N/A

  • Bathrooms: N/A

  • Above Ground Living: N/A

  • Basement Details: Daylight/Lookout Windows, Finished, Full, Concrete, Partially Finished,

  • Appliances Included:

EXTERIOR

  • Air Conditioning: Window Unit(s)

  • Garage Spaces: N/A

  • Construction Materials: N/A

  • Foundation Size: 3420ft²

  • Unit Amenities:

  • Heating System:

    • Hot Water
    • Boiler

LOT

  • Acres: N/A

  • Lot Size Dim.: 50 x 120

  • Longitude: 44.9577

  • Latitude: -93.1691

  • Zoning: Residential-Multi-Family

FINANCIAL & TAXES

  • Tax year: 2025

  • Tax annual amount: $24,792

MISCELLANEOUS

  • Fuel System: N/A

  • Sewer System: City Sewer/Connected

  • Water System: City Water/Connected

ADITIONAL INFORMATION

  • MLS#: NST7759154

  • Listing Brokerage: Apartment Cash Flow, Inc. Agency Icon

ID: 3787389
Published: June 14, 2025
Last Update: June 14, 2025
Views: 9