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For Sale:  Saint Paul MLS# 7152580

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Active NEW!
$725,000
/mo Edit
Commercial:  2 Stories
Built 1911
0.109 acres
St. Paul schools
MLS# 7152580
763-576-8286
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    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

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $725,000
    Property Type: Commercial
    City: Saint Paul
    Garage Spaces: 0
    County: Ramsey
    Year Built: 1911
    State: MN
    Property Style: 2 Stories
    Zip Code: 55104
    Neighborhood/Area: 93
    Subdivision Name: Hamline Syndicate Add, No3

    Interior

    Ceiling Height: 8-10
    Flooring: Tile, Wood
    Refrigerators: One Per Unit
    Appliances Included:
    • Range
    • Refrigerator
    Basement Details: Full

    Exterior

    Stories: Two
    Garage Spaces: 0
    Air Conditioning: Window Unit(s)
    Foundation Size: 2,500 ft2
    Fencing: None
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System:
    • Boiler
    • Hot Water
    Parking Features:
    • Driveway - Other Surface
    • On-Street Parking Only
    Road Frontage: City Street
    Exterior Material: Block
    Roof Details:
    • Age Over 8 Years
    • Flat

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.109
    Geolocation: 44.957686, -93.166287
    Inclusions: Building, Land, Leases, Rental License
    Lot Dimensions: 50 x 120
    Zoning: Residential-Multi-Family
    Lot Description:
    • Corner Lot
    • Tree Coverage - Light

    Schools

    School District: 625
    District Phone: 6517678100

    Expenses

    Annual Caretaker Expense: None
    Annual Fuel Expense: $15,187
    Annual Insurance Expense: $8,470
    Annual Maintenance Expense: $1,350
    Tenant Expenses: Electricity

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $12,780
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $12,780

    Income

    Annual Gross Income: $104,059

    Rent

    Annual Net Income: $57,322

    Units

    Total Units: 9

    Miscellaneous

    Current Use: Residential
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Separate
    • Heating Common
    • Hot Water Common
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of Apartment Cash Flow, Inc..
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.