591 - 593 Payne Avenue, Saint Paul, MN 55130

This property is part of a 5-property portfolio, offering 4 single-family homes and 1 duplex in the Payne/Phalen and Dayton’s Bluff neighborhoods. MLS #s available upon request. List price reflects the standalone value; portfolio purchase offers approximately an 8% discount, with a total portfolio price of $1,285,000 and an estimated 10% CAP based on current information. It speaks for itself that this is a well cared for duplex when both units have been rented for years on end, one side for 9 years! Both units are currently leased on a month-to-month basis for base rents of $1634 and $1481. Both are vacating at the end of May, making it possible that the seller would consider an owner-occupant buyer, with the understanding that the home could use some improvements and that it is being sold as-is. These units are configured as 3 bed/1 bath and 3 bed/2 bath with the 3rd bedrooms’ closets adjacent to the rooms (right side 3rd bedroom is non-confirming by just a few sqft). The basements...