For Sale: Saint Paul MLS# 6808068
Active
$1,495,000
Commercial: 2 Stories
5 br • 4 ba • Built 1906
0.246 acres
St. Paul schools
MLS# 6808068
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Property Description
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.
Listing
Listing Status:
Active
Property Type:
Commercial
City:
Saint Paul
County:
Ramsey
State:
MN
Property Style:
2 Stories
Interior
Total Fireplaces:
0
Lot & Land
Acres:
0.246
Geolocation:
44.96786300, -93.07383200
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Keller Williams Premier Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.