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$725,000

0 Beds 0 Baths 7,036 SQFT 0.11 Acres
Type: Commercial

1563 Charles Avenue
Saint Paul, MN 55104

MLS#: 7152580
David Bauer
David Bauer
The Real Estate Advantage
Realtor®
Phone: 952.607.9367
Office: 507.323.8273
Presented by: Apartment Cash Flow, Inc.

Property Description

 

Charles apartments presents a unique opportunity to buy with seller financing. Achieve a higher return on your investment by structuring a deal that works for you. This property features two buildings. In front is a fully occupied eight unit with four 2-bd, 1ba and four 1-bd and 1ba apartments. In the rear is a carriage house that comes with the sale and was built in 1910. Current in-place rents are $856 for the one bedrooms and $1,075 a month for the two bedrooms. Onsite coin laundry and extra storage lockers in the basement. The main building was built in 1911 and has hardwood floors, tall ceilings and loads of original trim and doors. Option to buy the 8-units to the north at 1562 Edmund Ave for $650,000


 

Interior Features

Other Interior Features

BasementFull
Basement (Y/N)Yes
Ceiling Height8-10
FuelNatural Gas

General

AccessibilityNone
Additional Parcels Y/NNo
AppliancesRange, Refrigerator
CitySaint Paul
Construction MaterialsBlock
ContingencyNone
CoolingWindow Unit(s)
CountyRamsey
Current UseResidential
DirectionsHighway 94 to Snelling / North to Charles / West to property
Fuel Expense15187
Garage Spaces0
Gross Income104059
HeatingBoiler, Hot Water
High School DistrictSt. Paul
Insurance Expense8470
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Lot Size UnitsAcres
MaintenanceExpense1350
Net Operating Income57322
New ConstructionNo
Number Of Units Total9
Operating Expense46737
OwnerPaysGas, Grounds Care, Repairs, Sewer, Snow Removal, Taxes, Trash Collection, Water
PostalCitySaint Paul
Property TypeCommercial Sale
RoofAge Over 8 Years, Flat
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameHamline Syndicate Add, No3
Tax Annual Amount$12,780
Tax Year2026
Tenant PaysElectricity
UtilitiesElectric Separate, Heating Common, Hot Water Common
Year Built1911
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total7,036 sqft
FencingNone
Foundation Area2,500 sqft
InclusionsBuilding, Land, Leases, Rental License
Lot Dimensions50 x 120
Lot FeaturesCorner Lot, Tree Coverage - Light
Lot Size Area0 sqft
Parking FeaturesDriveway - Other Surface, On-Street Parking Only
Road Frontage TypeCity Street
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

Middle School N/A
High School N/A
Elementary School N/A

  

Similar Properties

$725,000

0 Beds 0 Baths 7,036 SQFT 0.11 Acres
Type: Commercial

1563 Charles Avenue
Saint Paul, MN 55104

MLS#: 7152580
David Bauer
David Bauer
The Real Estate Advantage
Realtor®
Phone: 952.607.9367
Office: 507.323.8273