$ 2,590,000
-
$2,590,000
Price -
4
Bed -
35,822
SqFt -
0.44
Acre
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About the Listing 11529 - 502246797
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.
Listing Highlights
Interior Details
- Bedrooms: 4
- Appliances: Dishwasher, Range, Refrigerator
- Air Cond: Window Unit(s)
- Heating: Boiler,Natural Gas
- Fireplaces:
- Floor:
- Basement: Block,Partial
- Other:
- Water: City Water/Connected
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 1.23 acres
- Zoning: Residential-Multi-Family
- Roof:
- Others:
- Sewer: City Sewer/Connected
- Parking Features: Asphalt,Open
Financial Details
- Tax Amount: $12,540
- Taxes w/Assessments: N/A
- Tax/Property ID: 82447030001
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
1416 6th Ave S Saint Cloud, MN 56301
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