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Saint Paul,MN 55102
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
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
Interior
Heating Boiler
Cooling None
Exterior
Parking Features Parking Lot
Utilities Available Electric Separate,Heating Separate,Hot Water Common
Roof Type Age Over 8 Years,Flat,Rubber
Building
Water City Water/Connected