661 Payne Avenue
Saint Paul, MN 55130
2600 sqft | #6705175
Description
A solid investment opportunity in a high demand rental area. This building is section 8 approved and enrolled in the city of St Paul's 4-D affordable housing program, offering property tax reductions and long term affordability incentives. Three out of four units are currently rented. The building sits on a deep lot with a shared backyard that includes a patio, grassy area, and garden space. Walkable to local favorites like Yarusso Bros, Minnesota Music Cafe, and the Bruce Vento Trail. Strong cash flow opportunity with rents below market.
Property Details
- Parking FeaturesDetached, Multiple Garages
- Lot FeaturesCorner Lot, Some Trees
- Lot DescriptionCorner Lot, Some Trees
- Basement DescriptionBlock, Shared Access
- Sewer InformationCity Sewer/Connected
- Utility SourceCity Water/Connected
- RoofAge 8 Years or Less
- Property TypeMulti-Family
- SubdivisionPhillips Add
- Parcel Number322922210016
- HeatingForced Air
- Property SubtypeQuadruplex
- School DistrictSt. Paul
- MLS #6705175
- MLS #6705175
- Parking TypeGarage
- CountyRamsey
- Taxes Annual$2,466
- Cost394600
- Square Feet2600
- Year Built1884
- Parking Spaces4
- Basement1
- Days on Market (Cumulative)1
Location
Legal
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Last Updated: . Source: NORTHSTAR
Listing Courtesy
Listing Agent: Joshua Dobbins (#NST502048052)
Listing Office: Lakes Sotheby's International Realty (#NST26401)
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