Off-Market Condo at 339 Ramsey St, Saint Paul, MN 55102

339 Ramsey St, Saint Paul, MN 55102

Unit - #339B

$170,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $139 per day and long-term for an average of $1,324 per month, based on similar listings in the area. Estimated short-term cap rate of 5.8%. Estimated long-term cap rate of -2.9%. Discover the perfect blend of historic elegance and urban living in this top-floor brownstone condo located in Saint Paul's Cathedral Hill neighborhood. The unit offers two bedrooms, one bathroom and lovely historic features from the late 1800s. Built during a time period when construction was an art form using high-quality materials and historic design. Choosing a new home is a big step for all, this unit will make your life easy, the homeowner's association will do most of the difficult work of owning a home and you would be here to just enjoy the space. Once inside, panoramic windows offer wide views of the Mississippi River Valley, allowing you to enjoy nature year-round. Sit by the fire, using your working wood-burning fireplace. Soak in your clawfoot tub. Hang your art on walls with high ceilings, highlighted by natural wood trim and moldings. The private rear deck, accessed from the main hallway, offers the perfect outdoor retreat. These are just a few features of this amazing, historic building. Practical amenities include off-street parking for two vehicles, plus additional storage in the basement. Shared laundry facilities are also maintained by the HOA. Situated just minutes from downtown Saint Paul with easy access to I-35E, this Cathedral Hill condo offers the rare opportunity to own a piece of the city's rich history while enjoying the modern comforts all seek.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$637
Rental Policy
daily
Yearly Taxes
$2288
Bedrooms
2
Bathrooms
1
SQFT
794
Furnished
N/A
Year built
1888
Listing Status
Off Market
MLS
6690705

Short-term Rental Potential
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$30,600

Revenue
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Profit
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Cap rate
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Cash on Cash
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$214

Price/SQFT

Long-term Rental Potential
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$15,888

Revenue
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Profit
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$1,324/mo

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