883 Payne Avenue, Saint Paul, MN 55130
sale
$1,495,000
|
Other
Courtesy Of Keller Williams Premier Realty
Prime Payne Ave mixed-use opportunity with income now and upside later. 883 Payne Ave offers 7 total units including two street-level restaurant suites plus five apartments, all complemented by a rare on-site parking lot. Current operations generate $192,792 in gross/effective income with $88,315 NOI, and pro forma projections support $214,200 income and $109,723 NOI through improved rents and continued stabilization. High-visibility corridor location with long-term flexibility for investors seeking strong cash flow, value-add potential, and future redevelopment optionality. All tours require proof of funds and/or approval of financing. No same-day tours.
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Property Features
- Age: Over 50 Years Old
- Heating System: Oil
- MLSID: 6808068
- Rooms: Bedroom 5
- Rooms: Bedroom 4
- Rooms: Bathroom 4
- Rooms: Bathroom 2
- Rooms: Bathroom 3
- Rooms: Bathroom 1
- Rooms: Bedroom 3
- Rooms: Bedroom 2
- Rooms: Bedroom 1
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