$600,000 703 W Main Street Paynesville, MN

MLS: 4939926   Type: Commercial   County: Stearns   City: Paynesville   Zip: 56362   Style: Apartments/Multi Family     Taxes: $8,242

Mortgage $2,817 /mo



Half Baths

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Great investment opportunity to purchase 17 units in Paynesville Minnesota. Very convenient location to the Paynesville Schools and local businesses. Property shows good cash flow and is easily transitioned to a new management team. The current manager is willing to stay onstaff. One, three bedroom unit is in need of a rehab, but all other units are ready to be rented or currently rented.

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Middle School

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Price History

4/13/2018 Listed $600,000

Contingency None
Handicap Accessible No Stairs External
Listing Status Active
Municipality Paynesville
Property Type CMU
School District 741 - Paynesville
Year Built 1960
Zoning Business/Commercial

Interior Features

A/C Window
Appliances Range, Refrigerator
Fuel Electric
Garage Stalls 0
Heating Baseboard, Hot Water, Radiant, Boiler
Number Of 1 Bedroom Unit 13
Number Of 2 Bedroom Unit 1
Number Of 3 Bedroom Unit 3

Exterior Features

Building Finished Square 12410
Exterior Vinyl
Foundation Size 8677
Lake/waterfront - Y:n 0
Other Parking Spaces 17
Sewer City Sewer/Connected
Water City Water/Connected

Property Schools

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Gallery (6 photos)

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Property vs Zip Code Avg (56362)

Price 600K Avg 310K

Sqr Feet 12,410 Avg 7,939

Cost / Sqr Ft $48 Avg $39

Taxes $8,242 Avg $5,755

Acres 1.48 Avg 0.88

Visits 7 Avg 22

Days on Site 7 Avg 270

Walkscore® 34 Avg 25

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Listing Provided Courtesy Of: Premier Real Estate Services

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Location & Address

Premier Real Estate Services
550 25th Avenue North
St. Cloud, MN

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