About 583 Holly Avenue
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.
Features of 583 Holly Avenue
| MLS® # | 6642470 |
|---|---|
| Price | $1,097,000 |
| Bathrooms | 0.00 |
| Acres | 0.16 |
| Year Built | 1890 |
| Type | Commercial Sale |
| Status | Active |
Community Information
| Address | 583 Holly Avenue |
|---|---|
| Area | Summit-University |
| Subdivision | Woodland Park Addition, To St |
| City | Saint Paul |
| County | Ramsey |
| State | MN |
| Zip Code | 55102 |
Amenities
| Amenities | Coin-op Laundry Owned |
|---|---|
| Garages | Parking Lot |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Boiler |
|---|---|
| Cooling | None |
| Fireplace | No |
Exterior
| Roof | Age Over 8 Years, Flat, Rubber |
|---|---|
| Construction | Brick/Stone |
School Information
| District | St. Paul |
|---|
Additional Information
| Days on Market | 231 |
|---|---|
| Zoning | Business/Commercial,Residential-Multi-Family |
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Office | MRG Realty Partners, LLC |
|---|