583 Holly AVE Active Save Request In-Person Tour Request Virtual Tour
Saint Paul,MN 55102
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 6,969 sqft
Price per Sqft $157
Subdivision Woodland Park Addition, To St
MLS Listing ID 6642470
Bedrooms 15
Year Built 1890
Annual Tax Amount $25,768
Lot Size 0.257 Acres
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 some tenants are currently MTM giving investors the flexibility to implement their own leases & procedures post acquisition.
Location
State MN
County Ramsey
Community Woodland Park Addition, To St
Zoning Business/Commercial, Residential-Multi-Family
Interior
Heating Boiler
Cooling None
Flooring Tile
Exterior
Parking Features Parking Lot
Utilities Available Electric Separate,Heating Separate,Hot Water Common
Roof Type Age Over 8 Years,Flat,Rubber
Building
Foundation Stone
Water City Water/Connected