Joe Sorenson Realty
Brian R Amiot, Joe Sorenson RealtyPhone: (612) 251-8003
Email: [email protected]
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listing
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CommercialFor Sale
$1,449,000
1631 Charles Avenue
Saint Paul, MN 55104
Listing Office: Apartment Cash Flow, Inc.
MLS: Northstar MLS
Est. Mortgage
$7,579/mo

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!!

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