570 Laurel Avenue, Saint Paul, MN 55102

Property Description

Rare opportunity to purchase a Cathedral Hill triplex with many modern updates. Moved from a different location, this triplex was set onto a new foundation in 1978, and with it came updated copper/PVC plumbing, and updated wiring. No headaches to deal with knob and tube wiring and old galvanized steel pipes. Updated kitchen in Unit 1 which features new countertops, appliances, and countertop seating. 2 bedrooms and 1 full bathroom featuring a front porch and a walk up rear deck. High ceilings and lots of windows give this space a lot of light and depth. Unit 3 is a modern, 1 bedroom 1 bathroom, converted attic at tree top height. Multiple skylights, a wood-burning fireplace, and a south facing deck give it a whimsical feel. Unit 2 is recently vacant, and is ready for its next owner-occupant or tenant. Recently rented at $1700/month. 2 bedrooms and a full bathroom. Also features both a front and rear private decks. Current rents are $1800 (unit 1) and $1600 (unit 3), for a total of $5,100 per month in gross rents. Will you finish the space in the basement to add an additional unit? Or how about adding a garage with an Accessory Dwelling Unit in the backyard?There are lots of opportunities to add value in a high demand neighborhood like Cathedral Hill. You and your renters will love the walk-ability of the neighborhood. You're just steps from restaurants, bars, coffee shops, and cool things to do.