
Courtesy of: William Schultz, Keller Williams Premier Realty, william.schultz@kw.com
$1,495,000
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5 bed
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Lot: 0.25 Acres
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Other
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$1,495,000
883 Payne Avenue Prime Payne Ave mixed-use opportunity with income now and upside later. 883 Payne Ave offers 7 total units including two street-level restaurant suites plus five apartments, all complemented by a rare on-site parking lot. Current operations generate $192, 792 in gross/effective income with $88, 315 NOI, and pro forma projections support $214, 200 income and $109, 723 NOI through improved rents and continued stabilization. High-visibility corridor location with long-term flexibility for investors seeking strong cash flow, value-add potential, and future redevelopment optionality. All tours require proof of funds and/or approval of financing. No same-day tours.
Courtesy of: William Schultz, Keller Williams Premier Realty, william.schultz@kw.com
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