AVE, Saint Paul, MN 55102 - MLS#6642470

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Nick Leavy

nick@ermetro.com +1(612) 236-5331

$1,147,000

Est. payment - /mo

15 Beds

8 Baths

0.26 Acres Lot

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UPDATED:

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

Acres 0.16

Lot Dimensions 50x143

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

Direction Summit Ave to Dale St N, East on Holly Ave and the property will be on your left.

Interior

Heating Boiler

Cooling None

Window Features Wood Frames

Exterior

Parking Features Parking Lot

Utilities Available Electric Separate, Heating Separate, Hot Water Common

Roof Type Age Over 8 Years,Flat,Rubber

Accessibility None

Porch Front Porch

Building

Water City Water/Connected

Others

Senior Community No

Tax ID 012823230093

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Listed by MRG Realty Partners, LLC

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