CONTRACT FOR DEED AVAILABLE
Nate Schammel: (651)955-4255 — nate@mrgrealtypartners.com
Dave Dirkers: (651) 998-9380 — david@mrgrealtypartners.com
Luke Hermanson: (651) 428-7814 — luke@mrgrealtypartners.com
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MRG Realty Partners is pleased to present 583 Holly Avenue, an 8-unit multifamily investment opportunity located in the historic Summit-University neighborhood of St. Paul. The property is comprised of seven two-bedroom units and one one-bedroom unit, with most layouts offering additional bonus space often utilized as a third bedroom, office, or den.
The units feature classic architectural character including high ceilings, original woodwork, built-in cabinetry, and front and back balconies—elements that enhance tenant appeal and provide flexible living options. Current rents remain below market, and the majority of leases are month-to-month, giving new ownership immediate flexibility to adjust rents, implement lease renewals, and reposition the property to modern standards.
Operationally, tenants pay their own gas and electric. There is near-term opportunity to further reduce owner exposure by billing tenants for water, sewer, and trash. Off-street parking is available and has the potential to generate additional income as leases turn over.
Positioned in a highly walkable and bikeable location near shops, restaurants, and neighborhood amenities, 583 Holly Avenue offers stable occupancy today with multiple avenues to increase revenue and maximize long-term cash flow.