Active
1563 Charles Avenue
Saint Paul MN, 55104
$985,700
$203.66 per sqft
Active
4,840 sqft
Commercial
Built in 1911
Presenting an 8 unit Apartment building consisting of 4-1BR and 4-2BR with detached one bedroom 9th Den unit. This is a well-maintained multifamily asset strategically located in St Paul Opportunity zone. Amenities such as off-street parking, laundry facilities, and ample storage space enhance the overall appeal, value-add potential, and functionality of the property.
Situated in Midway Hamline neighborhood, residents benefit from excellent walkability and convenient access to major transportation routes, including Interstate 94, facilitating easy commutes to Downtown Minneapolis and St Paul and surrounding areas. The property's proximity to several universities, including Hamline University, makes it particularly appealing to students, healthcare employees, and young professionals seeking housing options near their academic and professional pursuits. Moreover, the property is located with close property to downtown St Paul.
This is a great compelling opportunity for an investor to acquire a well-positioned property in a prime location. Substantial upside exists through strategic enhancements and revenue growth, including optimizing underutilized storage and adjusting rents to meet market potential.
Property tours are available by appointment only. Please contact the listing broker to schedule.
6610472
MLSⓇ ID
September 30, 2024
Listed
November 23, 2024
Updated
Map
1563 Charles Avenue
Saint Paul MN, 55104
Interior Features
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Boiler
Exterior/Building Features
Lot Size
0.11 Acres
Sewer
City Sewer/Connected
School Information
School District
St. Paul
Other Property Details
Taxes
$13,066
Tax Frequency
Annually
Days on Market
8
Garage
No
Parking
Parking Lot
View
No
County
Ramsey
Water Source
City Water/Connected
Pool
No
Courtesy of Zafar Khamdamov
If a listing is in Coming Soon status, it is not currently available for showings but will be soon. Open House information is subject to change without warning. This home sale information is not an appraisal, competitive or comparative market analysis, CMA, or home evaluation. Information Deemed Reliable But Not Guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Brian Wagner, M.Ed. shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data last updated 4:39 AM UTC, 11/23/2024