1. Minnesota
2. Saint Paul
3. 583 Holly Avenue

583 Holly Avenue, Saint Paul, MN 55102

• 9,100 sqft

Property Description

This historic 8-unit brownstone in St. Paul’s Summit-University features 7-2 bedroom, and 1-1 bedroom units, each with 10ft+ ceilings, hardwood floors, natural woodwork, split entrances, and original wood details like built-in buffets, beams, cabinets and woodwork. Perfect for the work-from-home investor with separated living/work areas and balconies. Units are spacious and the extra space is commonly used as a 3rd bedroom or office. A sought-after & walkable location near dining and shops, off-street parking creates strong rental demand. Spacious storage in the basement with a partially finished bathroom and coin-operated laundry machines owned by the seller. Investors hedge their risk against utility inflation with tenants having separate meters for Gas & electricity. Tenants pay their own heat and new owners could implement "RUBs" to charge back for water, sewer & trash. Rents are below market and 7/8 tenants are currently MTM giving investors the flexibility to implement their own leases & procedures upon acquisition.

Listing Status:

Active

Listing Office:

MRG Realty Partners, LLC : 651-900-4386

MLS ID:

6642470

Interior

• A/C: None
• Heating: Boiler

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of MRG Realty Partners, LLC