For Sale: Saint Cloud MLS# 6511460
Active
$999,950
Commercial: Apartments
Built 1984
0.83 acres
St. Cloud schools
MLS# 6511460
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Property Description
All units currently rented, with an average rent over $1100 and room for increased rents to meet market rate. 5 of the 10 units have been remodeled since owner took over 18 months ago. Property has been stabilized with all tenants current. All units are 4BR 2Bath units. Roof has architectural shingles, building has vinyl windows; coin op laundry is included in purchase. Large parking lot for all tenants.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$999,950
Property Type:
Commercial
City:
Saint Cloud
Garage Spaces:
0
County:
Stearns
Year Built:
1984
State:
MN
Property Style:
Apartments
Zip Code:
56301
Subdivision Name:
Brott & Smiths Add
Exterior
Garage Spaces:
0
Other Parking Spaces:
0
Foundation Size:
6,052 ft2
Handicap Accessible:
None
Heating System:
Baseboard
Parking Features:
- Asphalt
- Open
- Unassigned
Shared Amenities:
Coin-op Laundry Owned
Exterior Material:
Stucco
Lot & Land
Acres:
0.83
Geolocation:
45.544564, -94.15446
Inclusions:
Building, Land, Leases
Lot Dimensions:
204 x 532
Zoning:
Residential-Multi-Family
Schools
School District:
742
District Phone:
320-253-9333
Expenses
Annual Electric Expense:
$6,677
Annual Insurance Expense:
$6,206
Annual Gross Expense:
$63,815
Annual Water/Sewer Expense:
$5,692
Tenant Expenses:
Cable TV, Electricity
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$11,576
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$11,576
Income
Annual Gross Income:
$135,312
Rent
Annual Net Income:
$71,497
Units
Total Units:
10
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
Heating Common
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of eXp 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.