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$399,000  (list price)
$405,000
/mo Edit
Multi-family:  Four Plex
Built 1982
3,558 sqft • 0.33 acres
St. Cloud schools
MLS# 6526548
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    Property Description

    Looking for a great investment opportunity? Then look no further! This south St. Cloud four-plex has been recently renovated and is ready for you and your tenants. Updating has been done in all four of the units. Updates in some of the units include luxury vinyl planking, new cabinets, new countertops, stainless steel appliances, and painting. This property is close to SCSU. Rent all four units or live in one and let your tenants pay your rent for you. Whatever you choose, this property has great potential given the strong demand for rentals.

    Listing

    Contingency: None
    Price per sq ft: $112
    City: Saint Cloud
    County: Stearns
    State: MN
    Property Style: Four Plex
    Zip Code: 56301
    Subdivision Name: Brott & Smiths Add

    Interior

    Living Area: 3,558 ft2
    Ranges: Four
    Refrigerators: Four
    Basement Details: Block

    Exterior

    Stories: Split Entry (Bi-Level)
    Garage Spaces: 4
    Garage Door Height: 7
    Garage Door Width: 7
    Foundation Size: 1,811 ft2
    Fencing: None
    Handicap Accessible: Other
    Road Responsibility: Public Maintained Road
    Heating System: Baseboard
    Parking Features:
    • Detached
    • Paved
    Shared Amenities:
    • Coin-op Laundry Owned
    • Security
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Storm Sewer
    • Street Lights
    Exterior Material:
    • Block
    • Vinyl Siding
    Roof Details:
    • Age 8 Years or Less
    • Asphalt
    • Pitched

    Lot & Land

    Acres: 0.33
    Geolocation: 45.5448109869, -94.1565239682
    Lot Dimensions: 74 x 148 x 148 x 48 x 100
    Zoning: Residential-Multi-Family
    Lot Description:
    • Irregular Lot
    • Tree Coverage - Light

    Schools

    School District: 742
    District Phone: 320-253-9333

    Expenses

    Annual Electric Expense: $2,997
    Annual Maintenance Expense: $1,000
    Annual Gross Expense: $34,000
    Annual Trash Expense: $1,232
    Annual Water/Sewer Expense: $1,335
    Tenant Expenses: Cable TV, Electricity

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $4,018
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $4,018

    Income

    Annual Gross Income: $44,400

    Units

    Total Units: 4

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: Yes
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    Payment:  /mo

    Local Home Mortgage Professionals

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

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    Listing provided by RMLS, courtesy of RE/MAX Results.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.