Joe Sorenson Realty
Brian R Amiot, Joe Sorenson RealtyPhone: (612) 251-8003
Email: [email protected]
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listing
1 of 42
CommercialFor Sale
$1,147,000
583 Holly Avenue
Saint Paul, MN 55102
Listing Office: MRG Realty Partners, LLC
MLS: Northstar MLS
Est. Mortgage
$6,021/mo

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.

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