TITLE:
883 Payne Ave
CONTROL:
Exclusive
VALUE:
$1,495,000
LOAN:
$600,000
EQUITY:
$895,000
TYPE:
Retail/Commercial
ADDRESS:
883 Payne Ave, Saint Paul, Minnesota
BENEFITS TO NEW OWNER:
Ability to redevelop in a bustling commercial corridor. This property includes a lot.
.jpg "883 Payne Ave")
GROSS SCHEDULED INCOME:
$192,792 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$192,792
EXPENSES:
$104,656
NOI:
$88,136
DEBT SERVICE:
$0
CASH FLOW:
$88,136
CAP RATE:
5.90%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$600,000
$0
4%
12/31/1969
No
CAN ADD:
Can other mixed use and multifamily properties in the Twin Cities area.
COUNSELOR:
William Schultz
KW Commercial/Keller Williams Premier
625 Bielenberg Drive
Saint Paul, Minnesota, 55125
