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$2,590,000
Est. payment /mo
4 Beds
0.44 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Brott & Smiths Add
MLS Listing ID 7112424
Bedrooms 4
Year Built 1988
Annual Tax Amount $12,540
Tax Year 2025
Contingent None
Lot Size 0.440 Acres
Lot Dimensions 1.23 acres
Property Description
Well-maintained 28-unit multifamily investment opportunity consisting of three apartment buildings in St. Cloud, Minnesota. The property offers strong in-place cash flow with a 9.1% in-place cap rate while boasting full occupancy. Ownership has completed extensive capital improvements including major boiler component upgrades, roof replacements (2010 and 2017), flooring, appliances, and common area improvements. Tenants pay separately metered electricity and internet while ownership pays gas, water/sewer, trash, and common utilities. On-site laundry, ample surface parking, and proximity to St. Cloud State University and downtown St. Cloud make this an attractive long-term investment opportunity.
Location
State MN
County Stearns
Zoning Residential-Multi-Family
Rooms
Basement Block, Partial
Interior
Heating Boiler
Cooling Window Unit(s)
Inclusions Building
Fireplace No
Appliance Dishwasher, Range, Refrigerator
Exterior
Parking Features Asphalt, Open
Utilities Available Electric Separate, Heating Common
Present Use Residential
Building
Story Three Or More
Foundation 11940
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Three Or More
New Construction false
Schools
School District St. Cloud
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Listed by Nik Anderson • RIC Property Management, Inc.
Nearby Locations
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