For Sale: Saint Cloud MLS# 6498734
Active
$2,100,000
Commercial: Apartments
Built 1988
0.48 acres
St. Cloud schools
MLS# 6498734
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Property Description
7.25%+ Cap Rate on this package sale including two buildings with a total of 23 units! Stearns Terrace has 9-Four bedroom units & 1-One bedroom unit. The Heights has 12-Four bedroom apts & 1-One bedroom unit. 6 garage stalls & 15 tuck-under. Some recent updates have been done to make this a turn-key investment property! Currently 100% occupied! The buildings are ready for an easy transition to a new owner.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$2,100,000
Property Type:
Commercial
City:
Saint Cloud
Garage Spaces:
21
County:
Stearns
Year Built:
1988
State:
MN
Property Style:
Apartments
Zip Code:
56301
Subdivision Name:
Brott & Smiths Add
Interior
Ranges:
One Per Unit
Refrigerators:
One Per Unit
Appliances Included:
- Cooktop
- Exhaust Fan
- Microwave
- Refrigerator
Basement Details:
None
Exterior
Stories:
Three Or More
Garage Spaces:
21
Other Parking Spaces:
28
Air Conditioning:
Wall Unit(s)
Foundation Size:
6,164 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Boiler
- Radiant
Parking Features:
- Asphalt
- Attached Garage
- Parking Lot
- Paved
- Tuckunder Garage
Shared Amenities:
Coin-op Laundry Owned
Unit Amenities:
Intercom System
Road Frontage:
City Street
Exterior Material:
- Block
- Vinyl Siding
Roof Details:
Flat
Lot & Land
Acres:
0.48
Geolocation:
45.544738, -94.155062
Inclusions:
Building, Leases, Rental License
Lot Dimensions:
149 x 151
Addl Parcels:
82447000000
Zoning:
Residential-Multi-Family
Schools
School District:
742
District Phone:
320-253-9333
Expenses
Tenant Expenses:
Cable TV, Electricity
Financial & Taxes
Tax Year:
2023
Annual Taxes:
$25,552
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$25,552
Units
Total Units:
23
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of Premier Real Estate Services.
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.