For Sale: Saint Cloud MLS# 7084628
Active
NEW!
$1,949,900
Commercial: Other
Built 1984
1.18 acres
St. Cloud schools
MLS# 7084628
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Property Description
Exceptional investment opportunity in a highly desirable St. Cloud location! This 25-unit apartment building offers a rare combination of size, rental appeal, and income potential. Featuring 17 two-bedroom units, 6 three-bedroom units, and one 1-bedroom unit in addition to 1 efficiency, this property is ideally suited for student housing or tenants seeking spacious living accommodations. Located adjacent to Haws Park and within walking distance of the Herb Brooks National Hockey Center, this property benefits from strong rental demand driven by its proximity to local colleges, downtown amenities, dining, entertainment, and public transportation. Generous unit layouts (including the popular primary suites with it's own 3/4 bath & walk-in closet), ample bedroom counts - many with double closets, and convenient access to everyday necessities make this a standout addition to any investment portfolio. A prime opportunity to own a high-capacity rental property in a sought-after location with proven tenant appeal. New roof and siding in 2019!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,949,900
Property Type:
Commercial
City:
Saint Cloud
Garage Spaces:
0
County:
Stearns
Year Built:
1984
State:
MN
Property Style:
Other
Zip Code:
56301
Subdivision Name:
James Bowes Add
Interior
Refrigerators:
One Per Unit
Appliances Included:
- Dishwasher
- Range
- Refrigerator
Basement Details:
None
Exterior
Stories:
Three Or More
Garage Spaces:
0
Garage Dimensions:
16x22
Air Conditioning:
None
Foundation Size:
8,976 ft2
Handicap Accessible:
Other
Heating System:
Hot Water
Parking Features:
Paved Lot
Unit Amenities:
- Ceiling Fan(s)
- Kitchen Center Island
- Other
Roof Details:
Age 8 Years or Less
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
1.18
Geolocation:
45.548048, -94.15799
Inclusions:
Building, Fixture/Equipment, Land, Rental License
Lot Dimensions:
244 x 204
Zoning:
Residential-Multi-Family
Schools
School District:
742
District Phone:
3202539333
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$32,344
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$32,344
Income
Annual Gross Income:
$279,000
Rent
Annual Net Income:
None
Units
Total Units:
25
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Electric Separate
- Hot Water Common
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Coldwell Banker Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.