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Active
Listed
$2,090,000
/mo   Edit
MLS# 5276098
315 4th Avenue S
Saint Cloud, MN 56301
Commercial
Built 1989
0.6 acres
St. Cloud schools
Info: 763-576-8286
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    Description:   North Campus is an ideal asset; located in the downtown area of St. Cloud with quick and easy access to the St. Cloud State campus. The property boasts 22 units; mostly of the 3 bedroom (7 Units) and 4 bedroom (13 Units) variety. The four-bedroom units each have a full bath + an extra shower; the three-bedroom units each have one full bath & one additional water closet. This property is a fantastic addition to any real estate portfolio.
    List Price: $2,090,000
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Active
    Contingency: None
    Year Built: 1989
    City: Saint Cloud
    Zip Code: 56301

    Interior

    Building Fin Sq Ft: 23,910 ft²

    Exterior

    Air Conditioning: Wall
    Heating System: Baseboard, Hot Water, Boiler
    Foundation Size: 7,950 ft²
    Shared Amenities: Coin-op Laundry Owned
    Road Frontage: City
    Handicap Accessible: None
    Exterior Material: Vinyl, Brick/Stone
    Garage Spaces: 11
    Other Parking Spaces: 31
    Roof Details: Asphalt Shingles

    Lot

    Acres: 0.6
    Latitude: 45.55822600
    Longitude: -94.15450500
    Lot Size Dim.: 132x196
    Dev/Complex Name: Wilsons Surv
    Zoning: Residential-Multi-Family

    Schools

    School District: 742 - St. Cloud
    District Phone: 320-253-9333

    Expenses

    Annual Gross Expense: $88,500
    Owner Expenses: Taxes, Insurance, Water/Sewer, Fuel, Maintenance/Repair, Janitorial, Trash, Snow, Lawn

    Financial & Taxes

    Tax Year: 2019
    Annual Taxes: $24,854
    Assessment Pending: No
    Taxes w/ Assessments: $24,854

    Income

    Annual Gross Income: 238380.00

    Rent

    Annual Net Income: $149,880

    Unit

    Total Rooms in Unit 1: 1
    Total Rooms in Unit 2: 1
    Total Rooms in Unit 3: 7
    Total Units: 22
    Number of Efficiencies: 0

    Miscellaneous

    Current Use: Residential
    Fuel System: Natural Gas
    Owner Occupied: N
    Sale Includes: Building, Land, Leases
    Sewer System: City Sewer/Connected
    Utilities: Heating Common, Hot Water Common
    Water System: City Water/Connected

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    Jeff
    Zajac
    TruStone
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    Jeff Zajac
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    TruStone Home Mortgage NMLS#373627
    Jeff Zajac joined the Mortgage Lending Services team in 2014. With more than 10 years experience in the mortgage industry, Jeff is an expert in VA, FHA, conventional and construction loans. Jeff was one of the top five producers in the state of Minnesota in 2013. Jeff holds a bachelor's degree in economics and business administration from Augsburg College and participates in the Real Estate Investment Professionals business networking group. In his free time, Jeff spends his days as a youth hockey referee and coach.
    763-270-4336

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    Listing provided by RMLS, courtesy of MRG Realty Partners, LLC