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$600,000 For Sale

703 W Main Street
Paynesville, MN 56362

17 units |

lot: 1.48 acres
Commercial: Commercial - MLS# 5144866
Property Photo


Great investment opportunity to purchase 17 units in Paynesville Minnesota. Seller is open to a possible carry back loan. 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 on staff. One, three bedroom unit is in need of a rehab, but all other units are currently rented.


  • Accessibility: No Stairs External
  • Air Conditioning: Window
  • Annual Gross Expense: 50829.00
  • Annual Gross Income: 108818.00
  • Annual Net Income: 57989.00
  • Appliances: Range, Refrigerator
  • Building Finished Square: 12410
  • County/Area: Stearns County
  • Exterior: Vinyl
  • Foundation Size: 8677
  • Fuel: Electric
  • Heating: Baseboard, Hot Water, Radiant, Boiler
  • Listing Status: Active
  • Lot Dimensions: 450 x 264 x 213 x 311
  • Lot Size: 1.4800
  • Number Of 1 Bedroom Unit: 13
  • Number Of 2 Bedroom Unit: 1
  • Number Of 3 Bedroom Unit: 3
  • Other Parking Spaces: 17
  • Parking Characteristics: Driveway - Asphalt, Unassigned
  • Postal City: Paynesville (Mn)
  • Property Type: Commercial
  • Sale Includes: Business, Building, Land, Leases
  • School District: 741 - Paynesville
  • Sewer: City Sewer/Connected
  • Sub Type: Commercial
  • Units: 17
  • Water: City Water/Connected
  • Year Built: 1960
  • Zip Code: 56362
  • Zoning: Business/Commercial

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