1563 Charles AVE Active Save Request In-Person Tour Request Virtual Tour
Saint Paul,MN 55104
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Hamline Syndicate Add, No3
MLS Listing ID 6610472
Year Built 1911
Annual Tax Amount $13,066
Tax Year 2024
Contingent None
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 40x120
Property Description
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.
Location
State MN
County Ramsey
Zoning Residential-Multi-Family
Interior
Heating Boiler
Inclusions Building
Fireplace No
Exterior
Garage Parking Lot
Utilities Available Electric Separate
Present Use Commercial
Parking Type Parking Lot
Building
Foundation 1464
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Engineered Wood,Stucco
Schools
School District St. Paul