Drive Results Realty
Mike Peterson, Drive Results RealtyPhone: (612) 226-7467
Email: [email protected]
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listing
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Residential IncomeFor Sale
$394,600
661 Payne Avenue
Saint Paul, MN 55130
Listing Office: Lakes Sotheby's International Realty
MLS: Northstar MLS
2,600Sq Ft
Est. Mortgage
$2,137/mo

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.

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