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.
