583 Holly Ave - Apartments FOR SALE


Saint Paul, MN 55102- Summit-University
$1,147,000 USD
651-900-4386
583 Holly Ave, Saint Paul, MN for Sale
$1,147,000 USD
Apartments - FOR SALE
1/44
null | Request Cap Rate

583 Holly Ave
Saint Paul, MN 55102
Summit-University


HIGHLIGHTS

  • Separate utility meters for Gas/Heat & Electric
  • Preserved Original Woodwork & Wood floors, Tall - 10ft Ceilings
  • Mostly MTM leases
  • Split entrances for enhanced security

OVERVIEW

CONTRACT FOR DEED AVAILABLE - ASK NATE FOR DETAILS Contact Nate Schammel for more property information, financials and tours. 651-955-4255 nate@mrgrealtypartners.com —————————-—————————-—————————-—————- 583 Holly Ave features 8 units in St. Paul’s Summit University with seven 2 bedroom units and one 1 bedroom unit. Most units have extra space commonly used as 3rd bedrooms, a work-from-home office, or den. These classic layouts have unique high ceilings, original woodwork, built in cabinetry, flexible layouts, and balconies in front & back. The desirable location is easy to walk / bike for tenants to many shops & restaurants nearby. Off-street parking is offered and there’s potential to charge the tenants for parking upon lease renewals. Tenants pay their own gas and electric. New ownership could maximize long term cashflow and reduce utility inflation by charging tenants for water, sewer and trash. Rents are below market and most units are MTM giving investors the flexibility to implement their own leases & procedures upon acquisition.

FOR SALE DETAILS

PRICE

$1,147,000 USD

PRICE/SF

$103 USD /SF

# OF UNITS

8

PRICE/UNIT

$143,375

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holly Avenue Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1890

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

Multi-Family

APN/PARCEL ID

01-28-23-23-0093

ASK ABOUT THIS PROPERTY

Doug McNicollMRG Realty PartnersMore Info
651-900-4386

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Doug McNicollMRG Realty PartnersMore Info
651-900-4386

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.