1275 Payne Ave
St. Paul, MN 55130

Description

Incredible opportunity to acquire a stabilized, cash-flowing asset just minutes from downtown St. Paul. All units and common areas have been fully renovated: new kitchens, bathrooms, laminate and hardwood floors, appliances, and windows. Off-street parking includes 2 spaces per unit (12 total). Net income can be easily increased by bringing rents up to market rate. Very few service calls due to extensive capital improvements. Building is fully occupied, All tenants on 12-month leases.

Details

MLS#4933335
Sub-TypeResale
StatusActive
Year1960
Days On Site57

Features

SQ Feet6,900
Story(s)1
Units6
ZoningResidential-Multi-Family

Market Activity 55130

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Area Information

StateMN
CountyRamsey
CitySt. Paul
Zip Code55130
AreaSaint Paul (MN)
Listing VS Median (in 55130)
Price:
$459,900
low | high
Med:
$199,900
100% of Average
SqFt:
6,900
low | high
Med:
1,592
100% of Average
$ / SqFt:
$67
low | high
Med:
$126
38.993593956095% of Average
On Site:
57
low | high
Med:
31
100% of Average
Listing Updated: 05/23/2018
MLS Number: 4933335
Listing Provided By:
 of  Lakes Sothebys International Realty