583 Holly Avenue, Saint Paul, MN 55102

Name: 583 Holly Avenue, Saint Paul, MN 55102
Brand: Wilen Real Estate
SKU: NST6642470
Price: 1097000.00 USD
Availability: InStock

Active For Sale

Commercial Sale

N/A Beds

N/A Baths

N/A SQFT

1,890 Year Built

0.16 Acres

No Waterfront

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.

Listed by: MRG Realty Partners, LLC

TALK WITH AN AGENT & SCHEDULE A SHOWING

Mike Wilen
Licensed Real Estate Agent
612-400-9000
info@WilenRealEstate.com