Listed By
Agency Name: RIC Property Management, Inc.
Agency Phone: 763-689-0349
Shown By
Agent Name: Neal Anderson, Managing Broker
Agent Phone: (612) 865-5955
Agency Title: Counselor Realty
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.
Property Features
Feature Descriptions
Local Schools
1416 6th Avenue S, Saint Cloud, MN 56301
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1416 6th Avenue S, Saint Cloud, MN 56301
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1416 6th Avenue S, Saint Cloud, MN 56301.
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1416 6th Avenue S | MLS# 7112424
This commercial property located at 1416 6th Avenue S, Saint Cloud, MN 56301 is currently listed for sale with an asking price of $2,590,000. 6th Avenue S is located within the St. Cloud school district. Search Saint Cloud real estate on nanderson.counselorrealty.com today.