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Active NEW!
$820,000
/mo Edit
Commercial:  2 Stories
24 br • 6 ba • Built 1987
0.33 acres
MLS# 7011452
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    Property Description

    Turnkey investment opportunity in St. Cloud! This well-maintained apartment building offers six fully occupied units (leased month-to-month) with spacious four-bedroom layouts (converted from 12 units). Located minutes from Beaver Island Trail, shopping, restaurants, and SCSU attractions—an ideal location for consistent tenant demand. Start earning income day one!

    Listing

    Contingency: None
    City: Saint Cloud
    County: Stearns
    State: MN
    Property Style: 2 Stories
    Zip Code: 56301
    Subdivision Name: Normal Park Add

    Interior

    Ceiling Height: 8-10
    Flooring: Carpet, Engineered Hardwood, Vinyl
    Refrigerators: Six or More
    Appliances Included:
    • Cooktop
    • Dishwasher
    • Freezer
    • Gas Water Heater
    • Range
    • Refrigerator
    Basement Details:
    • Block
    • Daylight/Lookout Windows
    • Partial
    • Storage Space

    Exterior

    Stories: Two
    Garage Spaces: 0
    Air Conditioning: Window Unit(s)
    Foundation Size: 2,747 ft2
    Foundation Dimensions: 40x67
    Fencing: Chain Link, Partial
    Handicap Accessible: Grab Bars In Bathroom, Door Lever Handles, No Stairs External, Lowered Switches/Controls
    Road Responsibility: Private Maintained Road
    Heating System:
    • Boiler
    • Hot Water
    Parking Features:
    • Asphalt
    • Assigned
    • No Int Access to Dwelling
    • Parking Lot
    • Paved Lot
    Unit Amenities:
    • Cable
    • Ceiling Fan(s)
    • City View
    • Security Lights
    Road Frontage:
    • City Street
    • Paved Streets
    • Sidewalks
    Exterior Material:
    • Block
    • Brick
    • Concrete
    • Steel Siding
    Roof Details: Age 8 Years or Less

    Lot & Land

    Acres: 0.33
    Geolocation: 45.546353, -94.160087
    Inclusions: Building, Fixture/Equipment, Land, Leases, Rental License
    Lot Dimensions: 121 x 110
    Zoning: Residential-Single Family
    Lot Description:
    • Accessible Shoreline
    • Cleared
    • Public Transit (w/in 6 blks)
    • Tree Coverage - Light
    • Underground Utilities

    Farm

    Topography: High Ground

    Schools

    School District: 2249
    District Phone: 3202539333

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $9,362
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $9,410

    Income

    Annual Gross Income: $89,510

    Rent

    Annual Net Income: $46,847

    Units

    Total Units: 6

    Miscellaneous

    Current Use: Residential
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System:
    • City Sewer - In Street
    • City Sewer/Connected
    Available Utilities: Electric Separate
    Water System:
    • City Water - In Street
    • Drilled
    Power Company Name: Xcel Energy

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of Century 21 First Realty, Inc..
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.