Saint Paul, MN 55130 1123 Payne Avenue
$299,000
Pending
43 more
Presented By: Welcome Home Productions, LLC
Beds • 4
Baths • 4
SQFT • 2,114
Home Details
Back on the Market! Buyer had to cancel for reasons unrelated to the property! Excellent opportunity for a turnkey four-plex with amazing cash flow, option to owner occupy! Property projected to generate $3,750 in monthly rent. Conveniently located on Payne, walking distance to delicious restaurants, grocery and shopping. Each unit comes with designated parking spot. Units have been renovated and are in great condition! Units 1 and 2 share a small common entryway with unit 1 located on the main level and unit 2 located up a flight of stairs. Unit 3 has private entryway with access to the unfinished lower level with laundry hookup. Unit 4 has direct access from the back of the property. Property features secure, keyless entry.
Presented By: Welcome Home Productions, LLC
Interior Features for 1123 Payne Avenue
Other Interior Features
Above Grade Finished Area2114
BasementPartial, Unfinished
Basement (Y/N)Yes
Below Grade Finished Area
FuelNatural Gas
General for 1123 Payne Avenue
AccessibilityNo Stairs External
Additional Parcels Y/NNo
Association AmenitiesNone
CitySaint Paul
Construction MaterialsVinyl Siding
ContingencyNone
CountyRamsey
DirectionsFrom 35E, take Maryland exit and head E. R on Payne Ave. Home on RH side.
Electric Expense
Fuel Expense2400
Garage Spaces
Gross Income45000
HeatingBoiler
High School DistrictSt. Paul
Insurance Expense4800
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Lot Size UnitsAcres
MaintenanceExpense300
New ConstructionNo
NumberOfUnitsTotal4
Operating Expense18204
OwnerPaysFuel, Insurance, Repairs, Sewer, Taxes, Trash Collection
PostalCitySaint Paul
Property SubtypeQuadruplex
Property TypeResidential Income
RoofAge 8 Years or Less, Asphalt
SewerCity Sewer/Connected
Standard StatusPending
Subdivision NameJoseph R Weides Add
Tax Annual Amount8182
Tax Year2024
Tenant PaysElectricity
Trash Expense1200
Water Sewer Expense720
Year Built1894
Zoning DescriptionResidential-Multi-Family
Exterior for 1123 Payne Avenue
Building Area Total2730
FencingPartial, Wood
Foundation Area1498
Lot Dimensions40x110
Lot FeaturesPublic Transit (w/in 6 blks), Tree Coverage - Medium
Lot Size Area0.09
Parking FeaturesAssigned, Open
Road Frontage TypeCity Street, Curbs, Paved Streets, Sidewalks
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected
Additional Details
Price History
Herbie and Sara Nivala
Realtor® MN