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$1,700,000  (list price)
/mo   Edit
MLS# 5474704
Built 1984
0.86 acres
St. Cloud schools
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    Description:   Located directly across from SCSU Halenbeck Hall. This 18 unit apartment complex has had the same owner for 23 years! It features 17 large - 4 bedroom / 2 bath units, and a 1 bedroom unit. The exterior was completely redone in 2015 with a new roof, siding, and windows. A solid investment opportunity offered at 8.5% cap rate.
    List Price: $1,700,000
    Sold Price: $1,700,000
    Sold Date: 03/19/2020
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Sold
    Contingency: None
    Year Built: 1984
    City: Saint Cloud
    County: Stearns
    State: MN
    Zip Code: 56301


    Building Fin Sq Ft: 23,519 ft²
    Appliances Included: Refrigerator, Range


    Air Conditioning: Wall
    Heating System: Forced Air
    Foundation Size: 7,840 ft²
    Shared Amenities: Coin-op Laundry Owned
    Unit Amenities: Intercom System, Cable
    Handicap Accessible: None
    Exterior Material: Brick/Stone
    Garage Spaces: 0
    Other Parking Spaces: 45


    Acres: 0.86
    Latitude: 45.54798300
    Longitude: -94.15440500
    Lot Size Dim.: .81 acres
    Dev/Complex Name: Brott & Smiths Add
    Zoning: Residential-Multi-Family


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


    Total Annual Expenses: $89,532

    Financial & Taxes

    Tax Year: 2019
    Annual Taxes: $20,688
    Assessment Pending: No
    Taxes w/ Assessments: $20,832


    Annual Gross Income: $252,240


    Annual Net Income: $145,051


    Total Rooms in Unit 1: 1
    Total Units: 18


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

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    Get to know our Home Mortgage Professionals

    Justin Larson
    Loan Officer
    Movement Mortgage NMLS#1490922
    Justin, the "Mortgage Man", is a senior loan officer who works with one of the nation top mortgage companies, Movement Mortgage! Justin has a dedicate team to streamline the home loan process. As a Veteran of Operation Iraqi Freedom and Eagle Scout he has a "service to others" attitude that put him well above his peers in the mortgage industry. Honesty, trust and friendship through solid and open communication is how he has built his success in the industry. The American Dream of owning a home is one of the largest purchases of most people lives. It’s a long process that can be frustrating, scary, and really confusing. He experienced this when purchasing his first couple of homes and looking back he wished he had a friend that would take the time to educate him on the best options for him and his family. This is the driving force of why I got into this industry.

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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 and should be verified by the buyer.