1631 CHARLES AVENUE
1631 Charles Avenue, Saint Paul, 55104, MN
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Price: $1,380,000
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Status type: For Sale
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City: Saint Paul
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Neighborhood: Hamline-Midway
Bedrooms: 0
Property Size :0
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Listing Agent: NST27376,NST38915
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Property type : Apartment
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Zip code: 55104
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Street: 1631 Charles Avenue
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Street: 1631 Charles Avenue
Bathrooms: N/A
Year: 1940
Listing Brokerage: Apartment Cash Flow, Inc.
FEATURES
- Range
- Refrigerator
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. 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!!
INTERIOR
Bedrooms: N/A
Fin ft² / Living Area: N/A
Below Ground Living: N/A
Bathrooms: N/A
Above Ground Living: N/A
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Basement Details: Daylight/Lookout Windows, Finished, Full, Concrete, Partially Finished,
Appliances Included:
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- Range
- Refrigerator
EXTERIOR
Air Conditioning: Window Unit(s)
Garage Spaces: N/A
Construction Materials: N/A
Foundation Size: 3420ft²
Unit Amenities:
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Heating System:
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- 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
ADDITIONAL INFORMATION
MLS#: NST7759154
Listing Brokerage: Apartment Cash Flow, Inc.
ID: 3787389
Published: June 14, 2025
Last Update: June 14, 2025
Views: 25
